Gov. Jerry Brown is expected to sign California’s $96.3 billion budget for the coming fiscal year, a spending plan that ends years of deficits and includes more money for disadvantaged students.
The Legislature passed a major piece of the federal Affordable Care Act on Saturday, opting to expand Medicaid to 1.4 million low-income Californians, as it rushed to meet its deadline to complete a state budget.
California’s Legislature has passed the state’s massive spending plan amid sharp divisions over whether the Democratic budget will further the state’s recovery or eventually return it to the multibillion-dollar deficits common during the recession.
The state’s independent budget analyst said Friday that California will take in $3.2 billion more than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration.
Despite surging state tax revenue, Gov. Jerry Brown on Tuesday announced a spending plan for the coming fiscal year that is $1.2 billion lower than he projected in January.
California is enjoying a revenue surplus for a change, and that’s causing disagreement among Democrats.
SACRAMENTO (CBS13) – There was a lot to take in with this budget plan. Some lawmakers are saying they didn’t get enough time to review it, but it’s what’s not inside the California budget that […]
The California cash crisis is front and center again at the Capitol. Lawmakers defeated an effort to cap all public employee salaries at $170,000.
California’s budget stands to get a boost from Facebook’s initial public stock offering and Gov. Jerry Brown’s tax initiative, if voters approve it later this year.
What’s good for Facebook and its employees could be very good for California’s treasury.
California’s nonpartisan budget analyst says the state is projected to face a $13 billion budget shortfall next year.
Gov. Jerry Brown on Monday abandoned his plan to hold a special election this year to renew expiring tax hikes and instead said he will balance California’s budget with a combination of spending cuts and a projected increase in normal tax revenue.