Newsom Says Most Californians Will Reap Benefits From State Budget SurplusTrying to dig himself out of a recall rut, Gov. Gavin Newsom Friday said the state budget was in great shape — thanks to a surprise tax windfall from the state's highest earners — and that most Californians will reap the benefits.
Brown Proposes $122.2B Budget As Revenues LagGov. Jerry Brown is proposing a $122.2 billion budget plan, down slightly from his January proposal as he projects tax revenues will come in nearly $2 billion less than expected.
Brown Says It's The First Time In Years Lawmakers Won't Need To Make Massive CutsRiding a wave of new tax revenue, California's spending plan for the coming fiscal year will rise by nearly $5 billion, a powerful indication that the state that came to symbolize fiscal mismanagement during the heart of the recession is emerging into brighter days.