Friday, January 6, 2012

CALIFORNIA KEEPS ON SPENDING ALTHOUGH PENNILESS

CA: Brown Seeks 7% California Spending BoostCalifornia Governor Jerry Brown proposed $92.6 billion in spending for the year starting in July, an increase of about 7 percent, which will count on voters approving $7 billion of higher taxes in November. The spending plan foresees a deficit of $9.2 billion through the next 18 months. Almost half of that is in the current fiscal year, he said. He called for $4.2 billion in cuts, mostly to welfare and programs for the poor. If the tax increase isn't passed, Brown's plan would cut another $4.8 billion in support for public schools and community colleges.Read More

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