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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