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Analyst criticizes Newsom's spending plan as 'shortsighted'

The independent Legislative Analyst's Office criticized the proposal, calling it shortsighted and inadvisable.

SACRAMENTO, Calif. — Gov. Gavin Newsom wants to take more than $12 billion from the state's savings accounts and other sources to increase spending this year. That's despite the state having about $100 billion in new money to spend. 

The independent Legislative Analyst's Office criticized the proposal, calling it shortsighted and inadvisable. They say the state needs to hold onto that money for a future budget crisis. Department of Finance spokesman H.D. Palmer said the governor's proposal strikes a proper balance. 

Assembly Budget Committee Chair Phil Ting said he hasn't finished reviewing Newsom's proposal. But in general, he said it aligns with the Legislature's thinking.

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