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 is sending 18 emergency specialists to assist with the mudslide in Washington State. (CBS)

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.




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