Canepa on State Budget: Uncertainty Looms with Projected $22.5 Billion Deficit

South San Francisco, CA – January 10th, 2023

Media advisory from office of Supervisor Canepa

January 10, 2023
Media advisory
Supervisor Canepa’s cell: (415) 513-9410

Canepa on state budget: Uncertainty looms with projected $22.5 billion deficit

 

DALY CITY – San Mateo County Supervisor David J. Canepa made the following statement today after California Gov. Gavin Newsom unveiled a $297 billion spending plan that projects a $22.5 billion deficit.

“While the budget released today will likely change dramatically in the coming months leading up to the May revisions, one thing is clear, there will be belt-tightening ahead that will impact every county in the state,” Canepa said. “We are seeing a loss of one-time funding that will clearly impact the wallets of millions of Californians. While I appreciate the governor’s optimism, I believe in these uncertain times that the state should consider dipping into its approximate $37 billion in reserves if necessary to stabilize our still recovering economy.”

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Press contact: Bill Silverfarb (415) 314-1737

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steve m
steve m
23 days ago

time to take the credit card away. these idiots wasted more damm money on stupid
things . not to mention all the fraud . open up the books !
covid money gone lost . billons wasted on the train to nowhere . billons wasted on
the homeless / mental health / drug crisis that has only gotten worse. like irresponsible
rich kids that ran off with mommy and daddy’s credit cards. this sounds like more
happy talk. I hope David is a serious guy. not holding my breath.