NEWS: CA Analyst warns against budget spending spree
California’s Legislative Analyst, Mac Taylor, warned the proposed $3.4 billion reserve is too small considering the state’s volatile economy and urged policymakers to save more, reports CalWatchdog.com. Department of Finance Chief Deputy Director Keely Bosler furthermore noted the state is overdue for an economic downturn and must plan for the expiration of Proposition 30 taxes in 2016. While some legislators, such as Budget Committee Vice Chair Melissa Melendez, a Republican representing Lake Elsinore, agree the state should save more, many Democrats are urging the state increase spending on programs instead.
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