Budget Surplus

California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles. (Kevork Djansezian/Getty Images)

Gov. Brown Calls Special Session To Change California’s Rainy-Day Fund

Saying the state’s budget surplus should be used to pay down debt, Gov. Jerry Brown on Wednesday called a special session of the Legislature to make changes to a rainy-day fund measure on the November ballot.


Gov. Jerry Brown

Gov. Brown Cites California Resurgence, Uncertainties In State Of State Address

Gov. Jerry Brown has delivered a dual message in his annual address to the Legislature—that a California resurgence is well under way but also is threatened by economic and environmental uncertainties.


A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

California To Have $10 Billion Budget Surplus By 2017, Analyst Says

California’s independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.


California Governor Jerry Brown. (Max Whittaker/Getty Images)

Poll Finds Most Californians Favor Saving Budget Surplus

Most Californians favor paying down the state’s debts and building a reserve over additional spending for social services, according to a poll released Wednesday that provides a boost for Gov. Jerry Brown’s budget plan.


California Governor Jerry Brown. (Max Whittaker/Getty Images)

Brown’s Budget Cuts California Spending Plan Despite Surge In Tax Revenue

Gov. Jerry Brown is proposing a $96.4 billion spending plan for the coming fiscal year that starts July 1, funneling more money to K-12 schools but otherwise taking a cautionary approach to spending.


California State Parks

California State Lawyers Were Told Of Hidden Park Funds Months Before Revelation

A sworn court declaration said a former state parks employee told state attorneys earlier this year that her department was hiding $20 million in a special fund, months before administration officials say they discovered the surplus money.


Downtown San Jose

San Jose’s $10 Million Surplus Partly From City Employee Job and Pay Cuts

San Jose’s Mayor Reed is pleased his most recent budget report shows a surplus, but admits cuts to services are partly the reason for being in the black.


BART train, station

BART Budget Includes $35 Million Surplus

BART’s directors adopted the $619 million operating budget on Thursday. It does not include any service reductions or fare increases.


BART train (Justin Sullivan/Getty Images)

BART Considers Ways To Spend Budget Surplus

The BART Board of Directors is entertaining a number of ideas, many designed to address the cleanliness of trains and train stations.


Seats on a BART train. (CBS)

BART Plans To Spend Surplus On Grimy Seats, Stations

BART’s preliminary budget for the 2012 fiscal year is showing a surplus of between $10 and $28 million, money that will be used to spruce up the agency’s trains.