A robust economic recovery and surging revenue propelled by voter-approved tax increases has sent California’s general fund spending to a record high, but Gov. Jerry Brown is pledging a somber approach to the windfall.
The Legislative Analyst’s Office on Wednesday released a gloomy state fiscal outlook. It says tax revenue will fall short of the state’s projections, which could trigger midyear cuts to public schools, colleges and health care programs.
Scientists dub it California’s “other Big One,” a series of storms capable of costing three times as much as a severe Southern California earthquake.