Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

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California proposes mere $8.5 billion spending cut against $68 billion deficit

By Kenneth Schrupp

“[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center Square. “We’re going to do internal borrowing from different accounts…we’re letting the universities borrow against money they’re going to get next year — that kind of budgeting is problematic because there’s a very high risk this isn’t a one year event … When you look at past budget crises they’re not one year events — they’re two, three, four year events. “ 

Click to read the full article in The Center Square.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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