Gov. Brown Warns Of More Cuts If Tax Initiative Fails
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SACRAMENTO (CBS13/AP) — Gov. Jerry Brown is warning of additional trigger cuts if voters reject his tax initiative next fall.
Brown’s spokesman, Gil Duran, posted a message on Twitter Thursday indicating the governor will offer California voters a stark choice between higher taxes on themselves and deeper cuts to schools, universities and public safety.
Duran posted a quote from the governor that said, “If taxes don’t pass, there will be a hole that will trigger further cuts.”
Brown and state lawmakers face a $13 billion projected shortfall over the next 18 months. Analysts have already predicted the state will have to make required midyear reductions to schools, universities and social services.
Brown wants to increase taxes on high-income earners and raise the state sales tax by half a cent, to 7.75 percent.
The state controller on Thursday issued a report stating monthly revenues in November came in $497.7 million above projections in the state budget but that year-to-date general fund revenues are still behind the budget’s estimates by $1 billion.