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Gov. Gavin Newsom at a press conference in Oakland on May 10, 2021, as Oakland Libby Schaaf looks on.
(Justin Sullivan/Getty Images)
Last week, Gov. Gavin Newsom embarked on a week-long parade of good news, budget-related press conferences across California, imparting a grand proclamation. I m about to make an announcement no other governor in California history has ever made and I would argue no governor in American history has ever made, Newsom said at a stop in Oakland last Monday. Today we re announcing a $75.7 billion budget surplus. Any money that is constitutionally required to be spent on a specific purpose, we don t include that as part of the surplus. And it looks like the administration in this case did.
California legislative analysts urge lawmakers to slow spending plans
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A caution flag for states flush with unexpected cash
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.