webstationlogos3 KHTK-sports-1140_FINAL-social_125x35b

Local

Analyst Estimates Lower Tax Revenue Than Governor

View Comments
Governor Jerry Brown introduces his California budget proposal on January 10, 2011.

Governor Jerry Brown introduces his California budget proposal on January 10, 2011.

Don't Miss This

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Features

SACRAMENTO, Calif. (AP) — California’s nonpartisan budget analyst is giving a more sober projection of tax revenue than the one contained in Gov. Jerry Brown’s proposal for the coming fiscal year, mostly because it forecasts less from personal income taxes.

If the Legislative Analyst’s Office is correct, lawmakers will have to consider more spending cuts, tax increases, borrowing or a combination.

The analyst released its overview of Gov. Jerry Brown’s proposed $92.6 billion general fund budget for the 2012-13 fiscal year on Wednesday.

The main disagreement is over how much will be brought in from the wealthiest Californians, who pay about 40 percent of income taxes. Brown wants voters to raise their taxes.

The difference in overall revenue between the governor’s estimate and the analyst’s is $3.2 billion, mostly in income taxes.

Copyright 2012 The Associated Press.

View Comments
blog comments powered by Disqus