SACRAMENTO (CBS/AP) – A robust economic recovery and surging revenue propelled by voter-approved tax increases has sent California’s general fund spending to a record high, but Gov. Jerry Brown is pledging a somber approach to the windfall.
In introducing his budget proposal Thursday, the Democratic governor said beginning to pay down California’s massive “wall of debt” must be a priority.
“By no means are we out of the wilderness. We have serious issues before us in terms of long-term liabilities, debts and we must be very prudent in the way we spend public funds,” Brown said.