Budget Signing

California State Capitol

In California Budget, Some See A Year Of Magical Thinking

During his State of the State address in January, Gov. Jerry Brown acknowledged California’s deep financial hole but also expressed faith in the state’s ability to rebound and surprise its doubters.

KPIX 5 | CBS San Francisco–07/01/2011

Jerry Brown

Brown Signs Rare On-Time California Budget

Gov. Jerry Brown has signed a rare on-time budget a day before the start of California’s fiscal year, a package that is a combination of spending cuts, fee hikes and the promise of higher tax revenue that might never materialize.

KPIX 5 | CBS San Francisco–06/30/2011