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Gov. Jerry Brown says California facing higher-than-expected $16 billion budget shortfall
Washington Post ^ | 05/13/2012

Posted on 05/13/2012 7:47:57 AM PDT by SeekAndFind

SACRAMENTO, Calif. — California’s 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 isn’t 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 can’t fill this hole with cuts alone without doing severe damage to our schools. That’s why I’m 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 Brown’s 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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: California
KEYWORDS: budget; california; deficit; jerrybrown
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To: SeekAndFind

More lies from Jerry Brown. First, the $16B is a lie - the real deficit is $25B or more if you count the $$ California owes to the USG. Second, the term “temporary tax hike” is an oxymoron - we all know these will become permanent. Third, and speaking of permanent, the only cuts that make sense are the ones Brown is too chicken to propose: 20% across-the-board reduction in funding and staff for every state agency. Get rid of furlough days and pay the remaining employees properly and tell them to do more with less just as the private sector does.

Years ago my Grandpa gave me a bumper sticker: “If it’s Brown, flush it.” Some wisdom is timeless.


41 posted on 05/14/2012 12:42:27 PM PDT by KingofZion
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To: SeekAndFind

More lies from Jerry Brown. First, the $16B is a lie - the real deficit is $25B or more if you count the $$ California owes to the USG. Second, the term “temporary tax hike” is an oxymoron - we all know these will become permanent. Third, and speaking of permanent, the only cuts that make sense are the ones Brown is too chicken to propose: 20% across-the-board reduction in funding and staff for every state agency. Get rid of furlough days and pay the remaining employees properly and tell them to do more with less just as the private sector does.

Years ago my Grandpa gave me a bumper sticker: “If it’s Brown, flush it.” Some wisdom is timeless.


42 posted on 05/14/2012 12:42:27 PM PDT by KingofZion
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To: NoLibZone

You are welcome


43 posted on 05/14/2012 2:22:46 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: SeekAndFind

Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.


44 posted on 05/14/2012 5:50:32 PM PDT by gingerbread
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To: SeekAndFind

Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.


45 posted on 05/14/2012 5:50:44 PM PDT by gingerbread
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To: SeekAndFind

Why should all of this be NEWS? These voters elected liberals, socialists and communists in their state government, would they expect any thing differently? This state have been anti-business, whether large or small businesses or small businesses. And they have done a marvelous job in chasing as many of these businesses away from California for the last two years, and because they have no other cure for their state of economy, more and more businesses will leave California. By the time election time comes around, if anyone in this state still vote for these people, they deserve the kind of government they get.


46 posted on 05/14/2012 5:50:44 PM PDT by gingerbread
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To: SeekAndFind
Dear Governor Brown,

Quit buying the votes of government unions and other schlubs on the state dole with our tax dollars!

Sincerely,

Rockitz

47 posted on 05/16/2012 3:31:08 PM PDT by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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