Governor: Tax hikes needed for $16B CA budget gap
SACRAMENTO, Calif. (AP) –
California Gov. Jerry Brown is proposing more than $8 billion in cuts to
close a widening California budget deficit but also says public schools
will receive more money if voters approve his tax-hike initiative in
Under the latest budget
proposal, Brown wants public employees to take a 5% pay cut and he seeks
cuts to health care and social services.
Brown released his revised
spending plan Monday for the fiscal year starting July 1, saying the
state faces a $15.7 billion deficit. That is roughly 17% of its $91
billion general fund.
It also is far higher than
the $9.2 billion gap Brown anticipated in January. The Democratic
governor says the size of the deficit makes it virtually impossible to
balance the budget with spending cuts alone.
2012 The Associated Press. All rights reserved. This material may not
be published, broadcast, rewritten or redistributed.