The new governor’s budget will be introduced after former Governor Arnold Schwarzenegger grappled with shortfalls that totaled $100 billion combined since June 2008. During that time, the state cut spending more than $45 billion and raised taxes by $12.5 billion. Another $36 billion of one-time or temporary solutions pushed some of the deficit into future years.Good on ya, Jerry. Just as only Nixon could go to China, perhaps only a Jerry Brown could slash spending.
Brown is likely to propose even more cuts and call for a special election to ask voters for money, said Jaime Regalado, executive director of the Edmund G. Brown Institute of Public Affairs -- named for Jerry Brown’s father, himself a former governor -- at California State University, Los Angeles. Options include extending temporary tax increases on income, retail sales and vehicle registrations put in place in 2009. They are set to expire this year.
The reductions may include eliminating local redevelopment agencies, shrinking social-services benefits, slashing aid to state universities and closing parks, the Sacramento Bee reported today, citing a source close to Brown’s budget proposal.
Monday, January 03, 2011
Jerry Brown Confronts Reality
... and does it with his typical candor.