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