How will Gov. Brown’s budget proposal address pensions, taxes and debt?
By Katy Grimes | Cal Watchdog
California’s budget battles will begin on Friday when Gov. Jerry Brown releases his proposal for fiscal year 2014-15, which begins on July 1. The media and political buzz in the Capitol building is that the state has a surplus — and maybe voters even are ready for higher taxes.
“We now find that California’s state budget situation is even more promising than we projected one year ago,” stated a report on the 2014-15 budget by the Legislative Analyst’s Office. “The state’s budgetary condition is stronger than at any point in the past decade.”
“We have climbed out of a hole with a Proposition 30 tax,” Brown announced during budget negotiations last May. He was referring to the $7 billion tax increase voters passed in Nov. 2012.
at Cal Watchdog.
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