
Weintraub: “…not a responsible budget.”
Here is a ‘must read’ initial analysis by Dan Weintraub of the Sacramento Bee, from his blog (he is NOT a big fan of this budget):
The other day the governor fell off his motorcycle. Today he fell off the wagon. The budget-balancing wagon, that is.
Schwarzenegger had been making slow if not spectacular progress in balancing the state budget since he took office in the fall of 2003. The structural gap between spending and revenues estimated for the coming year shrank from about $16 billion when he took office to less than $4 billion, and a balanced budget was actually in sight. But his proposal today would spend $7 billion more next year, while the state’s revenues are expected to increase by just $4 billion. He has stopped making progress. Now he is going backwards.
The governor is… Read More