SACRAMENTO - Sen. John M. W. Moorlach, R-Costa Mesa, released the following statement in response to Gov. Gavin Newsom’s “May Revision” of the California Budget 2020-21:
There’s a lot missing from Governor Newsom’s May Revision.
It is missing real program and staffing cuts for contraction, except for “trigger cuts” pending a hope of additional federal funding (to subsidize state misspending).Also missing is the elimination of High-Speed Rail funding, thus continuing this boondoggle, which is a sign of budget reduction insincerity.
There is no pension reform. No reform to address unfunded retiree medical liabilities.One-fifth of the funding comes from borrowings and deferrals. And the new tax revenues penalize businesses who have incurred substantial business losses.
Opening the economy is the real answer. Keeping it closed has caused this malaise. Businesses generate tax revenues. Opening California is the right direction to go in addressing this budget crisis. The sooner the better.
Moorlach has served on the Senate Committee on Budget and Fiscal Review since he was elected to serve in the Senate in 2015.
State Senator John M. W. Moorlach represents the 37th district of California which encompasses Costa Mesa, Irvine, Lake Forest, Laguna Beach, Laguna Woods, Newport Beach, Tustin, Villa Park, and portions of Anaheim, Huntington Beach, and Orange. Senator Moorlach is a trained Certified Financial Planner and the only trained CPA in the California Senate.
