The Risky Proposal to Spend California’s $22 Billion Savings

The Risky Proposal to Spend California’s $22 Billion Savings
California Gov. Gavin Newsom outlines his 2021–2022 state budget proposal during a news conference in Sacramento on Jan. 8, 2021. Rich Pedroncelli/Pool/AP Photo
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Commentary

According to new analysis released June 14 from the Legislative Analyst’s Office of California, the state’s general fund balance would decrease $22 billion during the upcoming 2021–2022 fiscal year if the legislature passes its most recently-proposed budget.

Tim Shaler
Tim Shaler
Author
Tim Shaler is a professional investor and economist based in Southern California. He is a regular columnist for The Epoch Times, where he exclusively provides some of his original economic analysis.
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