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.
BART expects to balance its budget for the next fiscal year despite the difficult economy, staff members told directors at their meeting on Thursday.