California Democrats show their true colors with budget proposals
Zachary Faria
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California’s decline continues to reveal itself in the decision-making of state officials and those who run its Democratic cities. That rings especially true when it comes time to craft a budget.
California’s new budget covers the state’s $32 billion deficit without touching the state’s reserves, which sounds nice in theory until you realize that the state is simply kicking the can down the road. Along with some spending delays, the budget also cuts $3 billion in climate funding at a time when California Democrats lead the country in climate doomsaying.
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Don’t worry, though, because California found room for the important things. California is going to extend the tax credits for Hollywood, even making them refundable so that “if a movie studio has credits that are worth more than what it owes in taxes, the state will pay the studio the difference in cash.” The state will also be implementing its plan to regulate fast food wages, and the wages of any other industry, through the backdoor after the original law was suspended awaiting a 2024 referendum.
Meanwhile, in San Francisco, Mayor London Breed is catching heat for spending cuts on housing and child care, among other things. With the city on the verge of bottoming out as residents and businesses flee (taking their tax revenue with them), cuts were going to be necessary. Again, though, you need not worry, because all the important things were covered: San Francisco found $4 million to create a new office to oversee reparations payments that would bankrupt the city.
In one of the few coherent thoughts he has expressed that is worth quoting, President Joe Biden once said, “Show me your budget, and I’ll tell you what you value.” Californians can take a good look at these budget proposals and identify exactly what their Democratic leaders value. State leaders prioritize tax breaks for Hollywood over climate funding. San Francisco leaders are cutting funds for housing while throwing money toward a reparations plan to pay millions to people more than 150 years after slavery. That is what they value.
The budget decisions will only become more enlightening as California’s decline continues in the coming years. Democrats have shown nothing to indicate they will ease the financial strains of living in a state racked with homelessness, poverty, and energy issues. The more residents and businesses that flee, the drier the tax revenue stream will run. Then you will find out what California Democrats really value above all.