Daniel Torunian

Daniel Torunian

It has widely been reported that the state will likely have a $25 billion budget deficit in 2023, which could possibly increase to $40 billion if a recession is triggered. Somewhat surprising after the state reported a budget surplus of $97.5 billion just this past year. That’s a $122.5 billion swing in less than a year.

The size of these numbers is hard to fathom. Especially for those of us who balance our budget weekly, monthly to make ends meet. And, it begs the question, what is going on with our leadership in Sacramento? Is the recent “The California Blueprint” announced by Gov. Gavin Newsom, a blueprint to failure?

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(3) comments


Excellent article Dan! I worked in the Federal Government for over 20 years. My primary function was budgeting. One day it was feast, next day it was famine, and next day it was feast again and nothing had changed. One thing government does, probably by design, is make everything complicated, making it difficult to unpack. Just think what government would be like if it was understandable and easy to follow.

The Federal government solves its financial problems by increasing the debt ceiling and printing more money. So far, we cannot do that.

Dirk van Ulden

The lottery proceeds did not increase funding for the schools. It was offset with reduced funding from the earmarked general fund. Californians were fooled again. It is probably all Trump's fault anyway, the convenient scapegoat.

Terence Y

Well written, Mr. Torunian. But for us to do better, we need a change in leadership that does plan and is accountable. Until then, voters get the government they deserve, or the government that is foisted upon them. Or they’ll leave the state for greener (as in money in their pocket) climates. Perhaps you should run for office to make our state better…

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