It’s a real shame when the real world intrudes and the money is drying up to deal with a scam, eh?
Newsom proposes cuts to climate change programs amid cloudy economic outlook
Facing a projected $22.5-billion budget deficit in the upcoming fiscal year, Gov. Gavin Newsom on Tuesday announced plans to reduce investments in the state’s move to zero-emission vehicles, make cuts to other climate change programs and delay funding for 20,000 new child-care slots as California transitions from a time of economic surplus to shortage.
The governor’s administration blamed high inflation, the Federal Reserve raising interest rates and volatility in the stock market as the major forces causing state revenues to drop well below projections from last summer when he anticipated an $100-billion surplus in the current budget year.
His $297-billion budget plan for 2023-24 relies on delaying multi-year investments and shifting funding to bonds to offset the shortfall. Newsom said he was careful to preserve the state’s rainy day fund and its other budgetary reserves given warnings about a nationwide recession and possibility that California’s financial problems could become more dire in the months and years ahead.
But, since California has mismanaged itself from a budget surplus to a deficit
The governor said he was hopeful that federal funding would supplant the cuts proposed to climate programs and he promised that those reductions would be restored in the future if the state’s revenues turn around.
LOL. Good luck with the GOP House giving you money for your scam, Gavin. Anyhow, Gavin realized that there are real world things, like the massive amount of homeless people, that need dealing with first.
Read: Bummer: PRC Gov Newsom Proposes Climate Crisis (scam) Program Cuts »