California will likely have a $25 billion budget deficit next year
The report did not surprise Republicans, who said they have been warning against California's massive increase in public spending for years, with Republican Assembly member Vince Fong calling it “unsustainable.”
Democratic Gov. Gavin Newsom's administration wasn't surprised, either, calling the $25 billion deficit estimate “realistic and reasonable.” California lawmakers could conceivably cover all of the deficit with the money it has in its savings accounts, but the Legislative Analyst's Office warned them not to do that. Their outlook predicts deficits not just for this year, but the next three years — although the size of the deficit decreases each year.
Democratic Assembly Speaker Anthony Rendon said lawmakers “can and will protect the progress of recent years' budgets.”
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