[quote=spdrun]Budget signed in 2018 is based on 2017 revenues, before Trump had much (if any) of an effect. As an “econ prof” you should know better.
Also, not all state and local spending is good according to liberals. The 2008 recession was one of the things that forced states to cut back on law enforcement, mass incarceration, and re-evaluate idiotic drug laws.[/quote]
Uh no. A budget is future spending compared to future revenues. In the words of the Department of Finance, “In May, (the Department of) Finance submits revenue and expenditure estimates for both the current and budget years to the legislature.” That was the budget recently signed by Governor Brown in the last stage of the budgetary process.
In fact, it is the budget for fiscal year 2018-19, which runs next October 1 until September 30, 2019. So it apparently anticipates strong tax revenues for the next year and a quarter.
