OPINION – Who Is To Blame For California’s Budget Woes? Try Mother Nature

California has officially entered the era of climate-driven economic insecurity. On Wednesday, Gov. Gavin Newsom laid out his new budget, facing a nearly $38-billion shortfall. That missing money is mostly due to lower-than-expected tax revenue on capital gains — the stock and investment earnings of the Golden State’s wealthiest folks weren’t quite what were expected.