Gov. Brown Calls Special Session To Change California’s Rainy-Day FundSaying 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. Brown Cites California Resurgence, Uncertainties In State Of State AddressGov. 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.
California To Have $10 Billion Budget Surplus By 2017, Analyst SaysCalifornia's independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.
Poll Finds Most Californians Favor Saving Budget SurplusMost 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.
Brown's Budget Cuts California Spending Plan Despite Surge In Tax RevenueGov. 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 Lawyers Were Told Of Hidden Park Funds Months Before RevelationA 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.
San Jose’s $10 Million Surplus Partly From City Employee Job and Pay CutsSan 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 Budget Includes $35 Million SurplusBART's directors adopted the $619 million operating budget on Thursday. It does not include any service reductions or fare increases.
BART Considers Ways To Spend Budget SurplusThe BART Board of Directors is entertaining a number of ideas, many designed to address the cleanliness of trains and train stations.
BART Plans To Spend Surplus On Grimy Seats, StationsBART'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.
BART Expects To Balance Budget For Next Fiscal YearBART expects to balance its budget for the next fiscal year despite the difficult economy, staff members told directors at their meeting on Thursday.