It’s budget time again in Sacramento. And as is his wont, Governor Jerry Brown has attempted to signal a tone of frugality. While announcing the May Revise last week, Governor Brown confidently stated that “Cuts are coming over the next few years, and they’ll be big.” Why the warning? Because despite Brown’s much-touted “California Comeback,” his budget still has a $3.3 billion shortfall – smaller than previous deficits, but still notable given the state’s overall good economic health.
Importantly, this tone of frugality is more perception than reality. More political posturing and spin than math. Governor Brown and his team have convinced Sacramento that he is the “adult in the room” holding the line against out-of-control spending. But the numbers suggest otherwise.
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