webstationlogos3 KHTK-sports-1140_FINAL-social_125x35b
MISS THE CBS13 NEWS AT 10? See what you missed on our video page

Local

California Governor Signs Budget Relying On Taxes

View Comments
Don't Miss This

Get Breaking News First

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

SACRAMENTO (AP) — Gov. Jerry Brown has signed a new budget for California that relies heavily on voters approving his proposed tax hikes in November.

State lawmakers passed final budget implementing bills Wednesday before Brown signed the main bill ahead of a midnight deadline.

California’s spending plan for the fiscal year starting July 1 includes welfare and social service cuts. Brown held off on signing the budget until Democrats who control the Legislature agreed to deeper cuts.

Brown’s tax initiative would raise the sales tax by a quarter cent to 7.5 percent for four years, and boost income taxes on people who make more than $250,000 a year for seven years.

If voters reject the tax initiative, a series of automatic cuts will be triggered, largely on public schools.

(Copyright 2012 The Associated Press.)

View Comments
blog comments powered by Disqus