Insight With Beth Ruyak

Hosted By Beth Ruyak

A daily, in-depth interview program providing context and background to the issues that face our region.

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California State Budget: Austerity Versus Investment

Andrew Nixon / Capital Public Radio
 

Andrew Nixon / Capital Public Radio

California lawmakers sent Gov. Jerry Brown a budget plan Monday that he is not going to like. The legislative body and Brown are at odds over what to do with a surge of money coming into state coffers this year. Brown says the state needs “to prepare for the inevitable next recession” by saving money and paying down debts.

Democratic lawmakers, who don’t need Republican votes to pass a budget, say the governor’s spending plan lacks vision for reinvesting in people and communities who are still recovering from the recession. It’s a real and philosophical question of whether California should save or invest its new funds. Joining us to explain why California needs to save for the future is Fred Silva, Fiscal Analyst for California Forward. Joining us to explain why California needs to invest in the future is Scott Graves, Director of Research at the California Budget & Policy Center.

It’s a real and philosophical question of whether California should save or invest its new funds. Joining us to explain why California needs to save for the future is Fred Silva, fiscal analyst for California Forward. Joining us to explain why California needs to invest in the future is Scott Graves, director of research at the California Budget & Policy Center.

LINKS: 

 California Budget 2015

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