Wednesday, December 14, 2011
Rosy Scenario Leads to Another Round of Budget Cuts in California
California cuts to affect students, poor, disabled. (San Jose Mercury News, 12/13/2011)
Excerpt: Brown and Democrats in the Legislature had hoped for a $4 billion increase in tax revenue through the current fiscal year, which ends June 30. The budget they passed last summer without Republican support was based on a combination of spending cuts, fee hikes and overly optimistic revenue projections.
The Democratic governor said that following through on the cuts is a sign of California's improving fiscal health.
"California has very sound finances. We're on the road to recovery. And the trigger cuts, which are pulled today, are part of that fiscal discipline," he said in a news conference at the state Capitol.