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Brown Set to Release "May Revise" Budget Proposal

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(Sacramento, CA)
Monday, May 13, 2013

It's been seven years since California last saw a budget without red ink.  And since Brown first proposed his spending plan in January, the state's revenues have soared: At last check, they were $4.5 billion above projections.

That's led some Democrats and interest groups to call for some of the deepest budget cuts in recent years to be restored.  But H.D. Palmer with the governor's Department of Finance says that won't happen.  "The governor's budget assumes that the spending reductions that we've made over the last several years are ongoing in nature - that they will continue," he says.

Most of the extra money will likely go straight to schools under California's Proposition 98.  And most budget watchers think the extra revenue is probably just a one-time windfall - a product of wealthy taxpayers shifting profits back a year to avoid higher rates from the expiration of the Bush tax cuts.

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