Legislative Analyst: $2.2 Billion More Revenues
Look for today's analysis from Legislative Analyst Liz Hill to stir the debate once again about whether the governor's budget cuts go too far.
In short, Hill estimates there will be $2.2 billion more in revenues (this budget year and next) than estimated by Governor Schwarzenegger in his budget proposal last month. You can read her report here.
Some of it is one-time revenue, and another chunk could end up going to schools under the complex formulas embedded in Proposition 98.
But these numbers are sure to make some, especially Democrats, wonder whether some of the budget cuts proposed in January are necessary.
Hill told reporters this afternoon that about 48% of the budget decisions proposed by the governor are, essentially, cuts; 38% are loans and borrowing. When asked how much was coming from social services, Hill said it's around 20% of the overall decisions, minus borrowing.
And she again criticized the administration's efforts to impose a spending control plan that would trigger across-the-board budget cuts when deficits were left unresolved. The governor is scheduled to stump for that very proposal in Sacramento tomorrow.




