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Fiscal Crisis Looms Over State Of The State Speech

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(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

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SACRAMENTO (AP) — Gov. Jerry Brown will deliver his State of the State address next week amid a grim financial backdrop that prompted him to propose a combination of tax increases and deep spending cuts.

Brown will address a joint session of the Legislature at 5 p.m. Monday. The timing of the speech coincides with the beginning of the evening newscasts.

California faces a $25.4 billion deficit through June 2012. To close the gap, the Democratic governor has proposed $12.5 billion in spending cuts and borrowing, plus extending a series of temporary taxes in a June special election.

During his inauguration earlier this month, Brown warned that “the year ahead will demand courage and sacrifice.”

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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