By Jon Coupal | With all the breaking national news, many taxpayers have little bandwidth in their attention span to focus on the state budget. Moreover, the state budget process can be indecipherable even for political insiders. But taxpayers should be paying attention for the simple reason that it’s their money that is being spent.
With no pretense at being comprehensive, here are the most important things taxpayers should know about the state budget proposal that was introduced by Gov. Gavin Newsom on January 10th.
First, the proposed 2020-2021 budget submitted by the governor in January almost certainly will be different from the final budget, which must be enacted by June 15, 2020. There is much wrangling among politicians to be done before we get a final spending plan. Also, unlike years past, the budget will likely be on time. Budget stalemates are now rare given that California is awash in taxpayer dollars and legislators no longer get paid if the budget is late.
Second, the governor’s budget is huge. Its proposed $222.2 billion in spending is larger than any in California history. What else would one expect?
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