Hero Text

1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

WARNING OF RECESSION, GOVERNOR PROPOSES PRUDENT BUDGET

January 8, 2016

Our good friend Loren Kay, President of the California Foundation for Commerce and Education, offers this analysis of the budget. Saying:

“Emphasizing his commitment to fiscal prudence, Governor Brown this week proposed a $171 billion balanced state budget with no new general taxes and an $8 billion rainy day reserve.

“Even though General Fund spending is projected to rise by more than $9 billion over the past two years, actual spending is held in check. Thanks to the Proposition 2 budget reform, the Governor proposes boosting the state’s rainy day reserve and paying down another $1.5 billion in budget debt.”

Click here to read the full budget.

Posted In Uncategorized

Leave a reply