California's Surging Revenue Lets Brown Increase Spending
Jerry Brown, governor of California, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, April 29, 2015. The conference brings together hundreds of chief executive officers, senior government officials and leading figures in the global capital markets for discussions on social, political and economic challenges. Photographer: Patrick T. Fallon/Bloomberg *** Local Caption *** Jerry Brown
California Governor Jerry Brown said an expanding economy has channeled an additional $6.7 billion in revenue into state coffers, allowing him to boost proposed spending next year to a record $115 billion.
Most extra money will go to schools, Brown said Thursday at a Sacramento news conference where he released a revised budget for the year that begins July 1. Fellow members of the Democratic Party who control the legislature said he should spare some cash to augment programs for the poor.