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Old 01-06-2013, 01:48 PM
 
Location: Los Awesome, CA
8,653 posts, read 6,103,917 times
Reputation: 3368

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With Prop 30s new revenue streams what should that money be used for?

Quote:
SACRAMENTO – In the ongoing drama that is the California state budget, the November election got all the attention, but the governor's presentation this week may be even more important.

By Thursday, Gov. Jerry Brown is expected to unveil his first budget proposal since voters on Nov. 6 approved his Proposition 30 tax increase, which will infuse billions of dollars in new revenue to state coffers annually.

After years of deficits and spending cuts, fiscal stability is almost within reach. But we're not there yet.

The Legislative Analyst's Office already has warned that lawmakers must be careful about spending in the next fiscal year or a manageable deficit, projected at $1.9 billion, could balloon once again. However, advocates for the poor and labor are clamoring for legislative Democrats to use the new tax money and new supermajorities in the Assembly and Senate to restore recent spending cuts.
What's next? | budget, state, year - News - The Orange County Register
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Old 01-06-2013, 02:01 PM
 
11,715 posts, read 40,341,057 times
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I'll give Jerry credit for trying to keep a lid on things but the spending sharks smell blood in the water and may be unstoppable. Oh well, they can always just raise taxes again.
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Old 01-06-2013, 02:59 PM
 
Location: Los Awesome, CA
8,653 posts, read 6,103,917 times
Reputation: 3368
Quote:
Originally Posted by EscapeCalifornia View Post
I'll give Jerry credit for trying to keep a lid on things but the spending sharks smell blood in the water and may be unstoppable. Oh well, they can always just raise taxes again.
We need to get our debts under control prior to increasing spending. Everything extra should go towards education. And I'm not talking about pensions/admin cost...
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