Governor Jerry Brown releasing his May revise budget to try an close what he calls the “wall of debt.” Brown acknowledged the deficit has been cut to about one-third of its original size due to revenue, but it’s not enough. He again pushed for extending the vehicle licensing fees and a sales tax increase for five years. But, Brown wants to extend the income tax increase for only four years. Brown says he’ll implement a spending cap and possible pension reform if it goes before voters. He says closing the shortfall through cuts alone will hit public education especially hard. Lawmakers have until June 15 to approve a budget.
Meanwhile, the Governor’s budget address Monday is just the starting point for final negotiations. So says State Senator Doug LaMalfa. He says to use the revenue surplus or tax extensions to go above baseline spending is wrong. LaMalfa gives the Governor a “C” for the address and his fiscal policies.
Filed under: State News