Democratic Gov. Jerry Brown proposed a $131.7 billion state spending plan Wednesday, launching his final year of budget negotiations as he prepares to leave office.
Thank you for reading this post, don't forget to subscribe!Brown’s proposal is up 5 percent from last year but includes little new spending on new programs. Once again warning that he believes a recession looms, Brown dedicated $5 billion toward the state’s Rainy Day fund, more than is constitutionally required. He also proposed a new online community college program.
“It’s not exciting, it’s not funding good and nice things, but it’s getting ready and that is the work of a budget,” Brown said.
Notably, Brown’s plan makes no changes related to federal tax changes out of Washington, which are expected to hit taxpayers in high-tax states like California the hardest. That’s because Brown had to finalize his plan in December, before the federal changes were finalized. He said he expects to make revisions to his plan during ongoing negotiations with the Legislature. A final plan must be passed by lawmakers in June.
The spending plan also includes nearly $59 million in special funds and bonds, which are dedicated for specific purposes. …
The State spending is going up 5%?
It is like the fake surplus. You cannot have a surplus when you have mountains of debt and the only way you can continue is to increase the tax load.
Wow, and if you talk to a Democrat they will tell you to balance the budget is being mean spirited.
That’s some powerful “stuff” Ol’ Moonbeam’s been toking.