Calif to have budget surplus after Dems take total control...more money for education and healthcare
California Budget Surplus? Governor Introduces Plan That Eliminates Deficit
By Jim Christie
SACRAMENTO, Jan 10 (Reuters) - California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.
"I am determined to avoid the fiscal mess that the last few governors had to deal with," Brown told reporters as he introduced the budget for the 2013-14 fiscal year beginning in July.
The state expects $98.5 billion in revenues and transfers and plans spending $97.7 billion, according to the proposal published on the state Department of Finance website.
Spending in the upcoming year is set to rise 5 percent, or $4.7 billion, from the current 2012-13 budget. Schools and universities will see a $4 billion boost, health care spending will rise $1.2 billion, while transfers to local government will drop $2.1 billion.
1. But the "next republican governor" is salivating
at the thought of having a slush fund to ravage once they get power..
This is how it always goes.. dems put real policies in place, and actually accumulate funds, only to see a reckless republican swoop in & wreck the place.. We have seen this happen over and over..going back to Reagan who started our downward spiral...