Wayne Winegarden – Newsom’s May Revised Budget

California is in a deep budget deficit.  In the May Revised budget, Gov. Newsom’s makes real cuts and suggests some efficiency improvements but are they enough?  PRI senior fellow in business and economics Wayne Winegarden unpacks the governor’s plan.  The proposal still relies on too many budget gimmicks and fund shifts, and underestimates the severity of the current budget shortfall.

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