After five years of recession, your hometown economy is growing again. Celebrations can begin now — so long as we don't forget that the work is just beginning.
On Wednesday, we learned that post-recession Sonoma County is emerging as the leading job producer in the state. “Enormous progress has been made here,” UCLA economist Jerry Nickelsburg told a gathering of civic and business leaders.
A day later, Gov. Jerry Brown trumpeted statewide job growth and a state budget that is no longer held together by accounting gimmicks and wishful thinking.
In his annual State of the State address, Brown declared, “California has once again confounded our critics. We have wrought in just two years a solid and enduring budget. And, by God, we will persevere and keep it that way for years to come.”
Yet Brown also felt obliged to caution lawmakers on the importance of fiscal responsibility.
“This means living within our means and not spending what we don't have,” he said. “Fiscal discipline is not the enemy of our good intentions but the basis for realizing them. It's cruel to lead people on by expanding good programs, only to cut them when the funding disappears.”
In return for voters agreeing to the new taxes contained in Proposition 30 on last November's ballot, Brown promised that the state would live within it means.
Here, of course, is the dilemma he and all Californians face:
We want to pursue the future with enthusiasm, but we worry about our political leadership's capacity to keep spending in line with revenues. It wasn't so long ago that the state was cranking out budget deficits even when revenues were at an all-time high.
Brown signaled that he had a different model in mind. He urged the Legislature to honor the biblical instruction “to pay down our debts and store up reserves against the leaner times that will surely follow.”