Posted: Jan 10, 2013 10:18 AM by Associated Press
SACRAMENTO, Calif. (AP) - Riding a wave of new tax revenue, Gov. Jerry Brown is proposing a state spending plan that eliminates the deficit and provides $6.3 billion more in spending than the previous year.
The comparatively rosy budget outlook for the coming fiscal year shows the nation's most populous state beginning to turn the corner on an era of deep budget shortfalls and spending cuts to core state programs.
California's persistent budget woes came to symbolize the plight of states struggling through the recession as tax revenue declined steeply, leaving governors and state legislatures around the country little choice but to consider deep cuts or unpopular tax increases.
Brown took both approaches, pushing an austerity message while persuading California voters last fall to approve increases to the state sales tax and income taxes on high-income earners.
The resulting $97.6 billion general fund budget for the 2013-14 fiscal year will send more money to public schools and universities.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties