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  • CALIFORNIA’S DEEP BUDGET WOES DEEPEN EVEN DEEPER AGAIN

    Posted: May 15, 2012 | Posted by NLeonard | No Comments

    The Hallways of the Capitol are abuzz awaiting release of the Governor’s revised spending plan next week, known as the “May Revise.”  It is known that revenue is running some $3 billion below expectations and deep cuts are expected in the revised numbers.  Brown states his plan back to fiscal health is built on a mix of cuts in the budget along the hope that voters pass his tax initiative this November.  A budget for the new fiscal year beginning on July 1 is due from the Legislature by June 15.  Click here for more information.



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