Brown Ready to Spend New Taxes as California Budget Mends
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California Governor Jerry Brown has a fresh $6 billion to spend from higher taxes approved by voters on his pledge to fix years of fiscal imbalance in the biggest state by population. He has promised to use restraint.
The budget that Brown is to unveil today will lay out how he plans to spend more on education while erasing a deficit that, even after the tax increase, is projected at almost $2 billion by the independent Legislative Analyst’s Office. If the estimate holds, the gap would be the smallest since 2007.