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.
Gov. Jerry Brown is reaping the benefits of an economic turn-around and higher taxes as he prepares to release his update Tuesday for the coming fiscal year’s budget. The state has collected $4.5 billion more than expected from personal income taxes.
California is on track to collect $4 billion more in personal income taxes than Gov. Jerry Brown had expected, giving a potential boost to education funding, the legislative analyst’s office said Tuesday.
The nonpartisan legislative analyst says California is facing a much smaller deficit of $1.9 billion through the end of the next fiscal year and could even see surpluses over the next few years.
Gov. Jerry Brown has signed several bills to keep California’s state parks open and ensure greater spending oversight in the wake of a scandal in which parks officials hid $54 million.
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.
The director of the California Department of Parks and Recreation has resigned and a deputy has been fired after officials learned the department has been sitting on nearly $54 million in surplus money for years.
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.
On Wednesday, the budget committees of both the California Senate and Assembly plan to meet to try to work out a compromise, and there’s word the California may have more money in the coffers than was projected.