Gov. Brown Says California No Longer Has a Budget Deficit
Thursday, January 10, 2013
For the first time in seven years, California’s budget deficit has disappeared. At least, that’s the projection in the annual budget proposal out today from Governor Jerry Brown. (updated 3:45 p.m.)
The governor is calling for an extra 2-point-7 billion dollars in school funding, along with slight increases for the U-C and C-S-U systems and state worker compensation. But for the most part, programs still scarred from years of budget cuts aren't slated to get more money. And Brown says that's how it should be:
BROWN: "We're also not going to play the game of spending money we don't have, and then after I'm gone, somebody else comes along and has to face what I did - a $27 billion or a $20 billion deficit."
Brown might say the deficit is zero, but not everyone agrees. In November, the non-partisan Legislative Analyst's Office projected a two billion dollar gap. And even Brown acknowledges several risks to state finances - including the Fiscal Cliff uncertainty in Washington.
Mobile users click here for audio of Governor Brown's speech
Mobile users click here for Q&A following speech
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