Newsom has promised that when the budget — his last as governor — is revised in May, it will close not only its deficit but address the ongoing deficits. The proposed budget estimates that personal income taxes will supply 68% of general fund revenues, and high-income taxpayers will pay the bulk of those taxes. Income taxes exceeded sales taxes for the first time in 1983. The progressive structure of the income tax system ensures that high-income taxpayers supply most of its revenue. However, during the last four years of chronic deficits, Newsom and legislators have tapped those reserves to cover the gaps, even though there’s been no recession, breaking promises to preserve them.