LAO SAYS BUDGET A “GOOD STARTING POINT” BUT RISKY

The State Legislative Analyst Office has released an overview of the Governor’s Budget and generally had praise for the plan. Mac Taylor stated that “We think the Governor’s package is a good starting point for legislative deliberations,” but noted that the budget does rely on some risky assumptions, such as the legislature approving such a large amount of cuts and voters approving to tax themselves $12 billion. Click here to see the LAO’s review.