Posted by Mike Morrell at 8:32 am on May 27, 2015 Comments Off on GOVERNOR’S “RESTRAINED” BUDGET REVISE STILL UPS SPENDING
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Almost two weeks ago, Governor Brown released his revised state
budget for the 2015-16 fiscal year. It clocks in at a
record-setting $267 billion – nearly $13 billion more than
last-year’s record-breaking budget, expanding the size and reach of
our ever-growing government.
At the current rate of spending, the Department of Finance
projects that California will go right back to operating deficits
in excess of $2.5 billion by 2018-19. Yet that figure is still
somewhat misleading since it does not account for hundreds of
billions of dollars in unfunded pension liabilities.
Recent census numbers also show that California’s state spending
is well above the national average for state governments. We are
approximately 12 percent of the population but represented 13.8
percent of state-level spending for the 2012-13 fiscal year.
Despite these facts, the majority party continues to call for
more spending of our money, or what they are referring to as
“investing.” The problem is the increases they want to make in
social services and programs are ongoing expenses and will likely
put pressure on the budget in years ahead when times are leaner,
making… Read More