Gov. Jerry Brown announces that California faces no budget deficit for the first time since the recession. Not only that, but he says that California’s $96.7-billion general fund is now poised to end next year with a surplus. That said, the state still faces risks and he’s unwilling to restore cuts to social services and other programs. “It’s best to maintain a very solid budget and a good reserve . . . or we’ll go back to the boom and bust, borrow and spend.”
His spending plan unveiled this morning calls for small increases for education but generally holds the line elsewhere. PolitiCal; Capitol Alert
Politics
