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  • GOVERNOR RELEASES 2015-16 BUDGET PLAN

    Posted: January 12, 2015 | Posted by Crystal Whitfield | No Comments

    From the Governor’s press release:  “This carefully balanced budget builds for the future by saving money, paying down debt and investing in our state’s core needs,” said Governor Brown. “Our long-term fiscal health depends on the wise and prudent actions we take today.”

    When Governor Brown took office in 2011, the state faced a massive $26.6 billion budget deficit and estimated annual shortfalls of roughly $20 billion. Since then, the state has eliminated these deficits with billions of dollars in cuts, an improving economy and new temporary revenue approved by California voters.

    To maintain the fiscal stability that has been achieved, the budget reflects the continuation of spending cuts made in the last two years, continues to pay down the “wall of debt” and recognizes risks that remain.

    Click here to read the Governor’s Press Release.

    The full summary of the Governor’s Proposal can be viewed at www.ebudget.ca.gov or www.dof.ca.gov.



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