Skip to comments.Gov. Jerry Brown says California facing higher-than-expected $16 billion budget shortfall
Posted on 05/13/2012 7:47:57 AM PDT by SeekAndFind
SACRAMENTO, Calif. Californias budget deficit has swelled to a projected $16 billion much larger than had been predicted just months ago and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
The Democratic governor said the shortfall grew from $9.2 billion in January in part because tax collections have not come in as high as expected and the economy isnt growing as fast as hoped for. The deficit has also risen because lawsuits and federal requirements have blocked billions of dollars in state cuts.
This means we will have to go much farther and make cuts far greater than I asked for at the beginning of the year, Brown said in an online video. But we cant fill this hole with cuts alone without doing severe damage to our schools. Thats why Im bypassing the gridlock and asking you, the people of California, to approve a plan that avoids cuts to schools and public safety.
Brown did not release details of the newly calculated deficit Saturday, but he is expected to lay out a revised spending plan Monday. The new plan for the fiscal year that starts July 1 hinges in large part on voters approving higher taxes.
The governor has said those tax increases are needed to help pull the state out of a crippling decade shaped by the collapse of the housing market and recession. Without them, he warned, public schools and colleges, and public safety, will suffer deeper cuts.
Democrats, who control the Legislature, have resisted Browns proposed cuts so far this year. Republican lawmakers criticized the majority party for building in overly optimistic tax revenues.
(Excerpt) Read more at washingtonpost.com ...
Hey Jerry! Choke on it! You dips deserve it.
they need to learn to live within their income.
So stop spending and up the taxes, you socialist clowns.
“The new plan for the fiscal year that starts July 1 hinges in large part on voters approving higher taxes.”
Well , if the voters vote to approve higher taxes, let’s take it to court and get it overturned , just like Prop 8.
Sounds like a plan, moonbeam.
At least it will be tied up in court for possibly years.
The curious thing is if voters (say 51-to-49 percent) vote against the tax hike....then what?
I would anticipate a five percent hike on tuition in the fall. I would also anticipate counties and cities getting less state revenue....so fewer services. If you were a small business man with an operation that could be relocated to Nevada or Arizona....I’d now is the time to find a site and prepare for the move. California has got a minimum of two decades of problems ahead of it.
They want to pay their fair share so let Hollywood bail them out.
“Higher than expected”
It is to laugh.
RE: Higher than expected
It is to laugh.
Yes it is. These liberals are CLUELESS.
Any true conservative can predict the consequences of Jerry Brown and the California legislature’s TAX, SPEND and REGULATE policies.
Businesses don’t start or Establish businesses go elsewhere, unemployment rises resulting in less tax payers, the tax base crashes, in the meantime you still need to fulfill the overgenerous obligations you promise government employees. Of course the deficit will rise.
Yet, as you read the article, what does Gov. Moonbeam propose — MORE TAXES !!
This is the definition of insanity — Doing the same thing over and over again hoping for a different result.
Who was it who said : “Liberalism is a mental disorder”?
This comes as a surprise to this jackass? He’s stupider than I thought! (And that’s saying plenty!)
“Gov. Jerry Brown says California facing higher-than-expected $16 billion budget shortfall”
California government illegally overspent 16 Billion dollars and expect taxpayers to foot the bill.
Yes indeed, "unexpected" once again. Who knew? Certainly not liberal "experts." Not only are there "higher than expected" deficits due to increased taxes, increased spending, union boot licking & corruption, and unrestricted welcoming & handing out of money to legions of illegal & legal parasites alike, but there are no rainbows and unicorns either. Could we at least have gotten some rainbows & unicorns? That's unexpected as well I guess.
DEFICIT = $16 Billion
... the deficit is the short-fall for just this year
... then next year it’s another 16-20 billion ... and more the year after that ... and so, and so on. California has a serious problem with simply saying “no” because its politicians are gutless
It’s extremely expensive to educate, medicate, and incarcerate Mexico’s citizens, but CA will go bankrupt trying.
Oh, I agree and understood that. It makes one just want to go out and buy some Kallie Municipal Bonds and wait and see how long it takes to get stiffed like the premium bond holders with GM were. They are going to pay a high price for their ‘caring’. Much of the rest of this country could care less what happens there.
Yahoo is running this - 14,200+ comments so far, mostly negative. The people get it, the pols don't. Tell me that this is still a Republic.
Symptomatic of Brown's hypocrisy and California's problem is this 2011 article: Brown Deal Lifts Vacation Cap For California Prison Guards