Remember meForgot password?
    Log in with Twitter

article imageCalifornia's budget deficit is gone, Gov. Jerry Brown declares

By Eric Morales     Jan 11, 2013 in Politics
Sacramento - The Liberal Democrat Governor has introduced a plan that would give California a long-awaited surplus of $1 billion; the Governor also wants to renew funding of education and social programs.
The budget crisis is over - hails Governor Brown of California. After years of a fiscal cloud over the Golden State, the 74-year-old Liberal Democrat Jerry Brown is declaring that California's budget is out of the red. Friday, the Huffington Post reported that Gov. Brown is proposing raising spending on health care and education, as well as boosting total spending by 5 percent. Compton, California is expected to see a big push in educational spending from Sacramento.
"I am determined to avoid the fiscal mess that the last few governors had to deal with," Brown said while introducing the 2013 Fiscal Budget for the state.
Governor Brown is vowing to resist legislators who want to take the opportunity to get in some long held-back spending.
The state expects $98.5 billion in revenues this year, and plans on spending just $97.7 billion; the State of California will have a surplus of $851 million for the year of 2013, and in June when the fiscal year ends, expects an additional $785 million in additional surpluses, putting $1 billion aside for a 'rainy day fund.' Brown went on to say that he saw a balanced budget for California, 4-years from now as well.
Governor Brown sounded a cautious call however, saying that the situation in Washington could change things for California's new found balanced budget.
"It's very hard to say no. That's going to be my job," Governor Jerry Brown said.
Spending on health care, social programs will increase, whereas grants to local governments will decrease.
In November voters approved a tax increase that closed the gap between a $9 billion deficit in 2012, and a huge $25 billion deficit in 2011.
Governor Jerry Brown defeated former Hewlett-Packard CEO Meg Whitman in 2010, by nearly 13% of the vote, to be elected Governor for the third time.
In the the 1995 motion picture Jade, the fictional Governor of California tells an assistant district attorney to drop a case, “unless you want as much of a future in this state as Jerry Brown.” The assistant DA responds “Who’s Jerry Brown?”
More about Budget, California, gov jerry brown, Liberal, Deficit
More news from
Latest News
Top News