Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • topics
    • State Government
    • Environment
    • Health Care
    • Race and Equity
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
  • Music
    • genres
    • Classical
    • Jazz
    • Eclectic
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight With Vicki Gonzalez
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 
  • State Government
  •  

S&P: Cuts, Not Taxes, Turned California's Budget Around

  •  Ben Adler 
Wednesday, January 28, 2015 | Sacramento, CA
S&P graphic
 

S&P graphic

A new report from the ratings agency Standard & Poor’s credits California’s financial turnaround more to budget cuts than to tax increases.

“A significant amount of the correction has taken place on the expenditure baseline, even more than the perhaps more high-profile revenue improvements related to Prop 30 and the strong stock market performance,” says S&P’s Gabe Petek, who wrote the report.

Gov. Jerry Brown’s Department of Finance says it believes all three factors led to California’s stronger fiscal health.

S&P also says the state budget is still vulnerable to the next economic downturn. And it says putting more money into health and social services programs, as urged by some Democratic lawmakers and outside groups, could hurt the state’s bottom line.


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

    More about California Budget 2015

  • California Budget 2015-2016

    Complete coverage of California's budgeting process for the year 2015-2016 -- from Gov. Jerry Brown's initial and revised proposals, to expert analysis and lawmaker reactions, to debate, revisions and eventual passage.

 California Budget 2015

Ben Adler

Director of Programming and Audience Development

Director of Programming and Audience Development Ben Adler first became a public radio listener in the car on his way to preschool — though not necessarily by choice.  Read Full Bio 

Sign up for ReCap and never miss the top stories

Delivered to your inbox every Friday.

 

Check out a sample ReCap newsletter.

Thanks for subscribing!

Thank you for signing up for the ReCap newsletter! We'll send you an email each Friday with the top stories from CapRadio.

Browse all newsletters

More State Government Stories

Andrew Nixon / CapRadio

Top California Democrats in a stalemate over gas rebates

May 19, 2022

California 2022 primary voter FAQ

May 19, 2022

Illustration by Miguel Gutierrez Jr., CalMatters; iStock

The Great Culling: Which California bills did legislators kill?

May 20, 2022

Most Viewed

Suspected monkeypox case reported in Sacramento County

Downtown Sacramento shooting: What we know and latest updates

Some living in 209 area code will need to switch to 350

A Sacramento County nonprofit is offering to pay $3,000 worth of bills if you test positive for COVID-19 at their clinic

A married couple turns an out-of-commission helicopter into a camper

We Get Support From:
Become a Supporter

Most Viewed

Suspected monkeypox case reported in Sacramento County

Downtown Sacramento shooting: What we know and latest updates

Some living in 209 area code will need to switch to 350

A Sacramento County nonprofit is offering to pay $3,000 worth of bills if you test positive for COVID-19 at their clinic

A married couple turns an out-of-commission helicopter into a camper

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Careers & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2022, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.