Governor Newsom’s budget proposal lacks meaningful spending reductions or plans to address the factors that caused the deficit in the first place
In response to Governor Newsom’s recently announced $306 billion budget proposal and a record $31.5 billion deficit, LA County Taxpayers are urging more serious plans to reduce spending and prevent such a problem from occurring again.
Among the spending taxpayers urge be reevaluated are plans to expand the Capitol building in Sacramento with a price tag of over $1 billion, a high speed rail plan that is years behind schedule and estimated to have a price tag now exceeding $100 billion, $200 million in annual recycling fraud, and numerous programs that have cumulatively failed to properly account for billions in spending.
Furthermore, it is now clear to analysts across the political spectrum that the exodus of jobs and high net worth individuals from California is a real crisis. Escalating crime, high taxes, and a hostile business climate are all factors that must be addressed or the exodus will only continue and worsen.
“Taxpayers in LA County are impacted every day by high taxes, a high cost of living, and a difficult environment to work and operate a business,” said LA County Taxpayers Association Chairman Aidan Chao. “Nearly half of LA County businesses were started by immigrants. Opportunity is what drew people here, but real reforms must be implemented here or productive citizens will continue to leave.”
People are invited to learn more about the LA County Taxpayers Association by visiting LA-Tax.org.
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