
What is the Governor going to cut in state spending… now?
Perhaps everyone should have been paying closer attention to the message being sent by Senate Republican Leader Dick Ackerman and his caucus during the Summer’s budget stalemate — that California is heading for a fiscal crisis, and that we needed to cut state spending.
Apparently the budget that was approved was smoke-and-mirrors after all. I think that the credibility of the Governor’s Finance Office and Democrat Legislative Budget staffers are at an all time low, as the ability to have a real balanced budget requires, as an essential component, the ability to make realistic forecasts of projected revenues. It would appear that projections aren’t just off, but they were grossly underestimated. Since state spending was set with these projections in mind, every day, week and month that goes by without revising our spending just makes matters worse.
While notable, it is not enough to for the Governor to ask his bureaucratic chiefs to plan for a 10% cut in next year’s budget. We need to deal with this problem now. As State Senator Bob Dutton has pointed out, the Governor has the power to call a State of Fiscal Emergency to… Read More