Friday 9 January 2015

California Governor Brown announces $113 billion budget for 2015-16

California Governor Brown gives his inaugural address with First Lady of California Anne Gust and California Supreme Court Chief Justice Cantil-Sakauye at his historic fourth inauguration at the State Capitol in Sacramento By Sharon Bernstein Sacramento (Reuters) - California Democratic Governor Jerry Brown on Friday released his 2015-16 state budget, calling for $113 billion in proposed general fund spending, up 1.4 percent from the year before. Brown, a fiscal moderate whose tight-fisted policies helped stabilize state finances, proposed a budget that includes the first $532 million in spending as part of Proposition 1, a $7.5 billion bond measure passed by voters in November for water management and infrastructure. The budget also aims to strengthen the state's rainy day fund with an additional $1. ...




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