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 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’s independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.
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.
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.
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.
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’s directors adopted the $619 million operating budget on Thursday. It does not include any service reductions or fare increases.
The BART Board of Directors is entertaining a number of ideas, many designed to address the cleanliness of trains and train 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.