How Tax Payouts Fueled Newsom’s Spending Spree

Sacramento Fiscal Honcho H.D. Palmer on Why His May Doomsday Forecast Was Totally Wrong

H.D. Palmer, deputy director of California's Department of Finance

Wed May 26, 2021 | 06:13pm

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.

We’re glad you’re a fan of The Independent

Now is the time to register to keep reading! Register for free and get access to two more free articles this month.

Register

Or get unlimited access when you subscribe today!

Thanks for being a loyal Independent reader!

You’ve read three free articles this month. Subscribe and get unlimited access to the best reporting available in Santa Barbara.

INDY+

$6/month or $60/year

INDY+ SUPPORTER

$10/month or $100/year

INDY+ PATRON

$500/year

Thanks for supporting independent regional news!

More like this

Exit mobile version