In their latest revenue forecast, the independent Legislative Analyst's Office said the state deficit has ballooned to $73 billion. Assemblyman Vince Fong (R-Central Valley), Vice Chair of the Assembly Budget Committee issued the following statement:
“The state’s budget deficit is growing by the minute.
“Governor Newsom’s spending proposal does not solve the $73 billion deficit. California is in a financial crisis, yet Governor Newsom continues to defer and delay.
“Governor Newsom must stop the gimmicks.
“It is time to act.
“Delaying will only make matters worse and ultimately cost taxpayers more.”
