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Surplus

California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles. (Kevork Djansezian/Getty Images)

Bulk Of Gov. Brown’s Revised State Budget Would Go Towards Medi-Cal

California Gov. Jerry Brown unveiled his revised state budget on Tuesday, which is $1 billion more than the original he submitted in January. The majority of the funds would go to health-care costs for the poor.

05/13/2014

California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles. (Kevork Djansezian/Getty Images)

Gov. Brown Calls Special Session To Change California’s Rainy-Day Fund

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.

04/16/2014

A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

Task Force: Accounting Tricks Mean Impending California Budget Doom

California and other states need to start being honest about their budgets and future liabilities, or face a terrible reckoning a generation from now, that according to the State Budget Crisis Task Force.

01/15/2014

A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

Brown Calls For New Education Funding, Rainy Day Fund In Budget Proposal

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.

01/09/2014

California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles. (Kevork Djansezian/Getty Images)

Gov. Brown Reportedly Proposing To Pay Down $11B In State Debt

Gov. Jerry Brown’s budget for the coming fiscal year calls for an 8.5 percent increase in general fund spending coupled with a dedication to pay down the state’s debt by more than $11 billion.

01/08/2014

A view of the California State Capitol in Sacramento, California. (Justin Sullivan/Getty Images)

California To Have $10 Billion Budget Surplus By 2017, Analyst Says

California’s independent legislative analyst is offering a rosier financial forecast for the state than in the last several years.

11/20/2013

(Adam Jan/AFP/Getty Images)

Gov. Brown Budget Plan Gives Big Money To Close Education Gap

California schools will receive an infusion of more than $3.6 billion in extra money this year, much of it targeted to the neediest students as part of a redistribution plan pushed by Gov. Jerry Brown.

06/12/2013

California State Capitol in Sacramento (Justin Sullivan/Getty Images)

Legislative Leaders Say California Budget Deal Near

Gov. Jerry Brown and the Legislature’s Democratic leaders moved close to a state budget deal Monday that is expected to revamp education funding and begin restoring some of the social services cut during the recession.

06/11/2013

California Governor Jerry Brown. (Max Whittaker/Getty Images)

Poll Finds Most Californians Favor Saving Budget Surplus

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.

05/29/2013

California Gov. Jerry Brown (Max Whittaker/Getty Images)

Brown Tells Counties To Help Pay For Medi-Cal Expansion

Gov. Jerry Brown told county officials Wednesday that the state cannot afford to “double-pay” as he seeks to expand California’s health care program for the poor, meaning counties will have to forfeit millions of dollars in state funding.

05/29/2013

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