seeking a fiscally prudent path

GOVERNOR BROWN'S BUDGET BOOSTS EDUCATION FUNDING, AIMS TO STOP TUITION HIKES, BUT FAILS TO RESTORE DEEP CUTS IN SERVICES FOR THE POOR

 

By Miriam Raftery

January 11, 2015 (Sacramento)—Governor Jerry Brown has unveiled his proposed $164.7 billion budget for the 2015-2016 fiscal year(including $113.3 billion in general funds), drawing mixed reactions from around the state following several months of healthy revenue growth.   Seeking a fiscally prudent path, the Governor aims to pay down long-term debts and boost California’s rainy day fund for budget reserves by $2.8 billion.