Recent spending proposals outlined in Gov. Gavin Newsom’s May budget revision outpace revenues, with the chance the state can afford its spending levels less than one-in-six across a five-year period, according to a report released May 23 by the state’s nonpartisan Legislative Analyst’s Office.
“If the Legislature adopts the Governor’s May Revision proposals, the state very likely will face more budget problems over the next few years,” the authors wrote.
The governor laid out his revised budget plan during a press conference held May 12 where he announced an additional $9 billion shortfall, bringing the total deficit to nearly $32 billion….