How Tax Payouts Fueled Newsom’s Spending Spree

This article originally appeared at Newsmakers with Jerry Roberts.

One year ago, the (all rise) deputy director of California’s Department of Finance checked in with dreadful news about how the pandemic would batter the state budget — a $54 billion deficit, vast revenue losses, painful cuts, deficits as far as the eye could see.

This week, Sacramento fiscal honcho H.D. Palmer returned to Newsmakers to explain why that doomsday forecast was totally wrong.