The LAO report on Brown's budget proposal said the focus on keeping spending minimal and paying off debts is a sensible approach. Deputy Legislative Analyst Jason Sisney said it’s important to be cautious because much of the state’s increased revenue came from stock market gains.
“And the possibility that that will go away pretty soon, or in a year or two, are very high, so taking that money or a part of that money that we’re seeing now and setting it aside for a rainy day and paying down debts is a prudent thing to do.”
Still, there are some areas of disagreement. The LAO questions using revenues from Cap and Trade auctions to pay for high speed rail. The office also raises some concerns about Brown’s proposals to fund higher education.
Four months after Governor Jerry Brown and Democratic lawmakers announced “emergency drought legislation,” the vast majority of the money sits untouched.
School districts, teachers and state taxpayers will each chip in more money to stabilize the California State Teachers Retirement System under a measure signed Tuesday by Governor Jerry Brown.
Democrats are lauding the passage of California’s $156 billion budget while Republicans say state spending is becoming excessive.
California Governor Jerry Brown and Democratic legislative leaders say they’ve reached a final budget deal.
California Governor Jerry Brown and Democratic legislative leaders have yet to announce a state budget deal – even though many of their compromises have been ratified by a joint Senate-Assembly conference committee