Jerry Brown and the Incredible Shrinking State Deficit

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Governor Brown inherited a $25 billion deficit, which he and the legislature cut in half with spending cuts. Then revenues turned out to be $2.5 billion more than expected.  Today, when Brown unveiled his revised budget proposal, anticipated revenues were up by $6.6 billion. Because of the state's two-thirds voting requirement, Brown's proposal still needs two Republican votes in both the Assembly and Senate.

 

Credits

Guests:
John Myers - Los Angeles Times - @johnmyers, H.D. Palmer - California State Department of Finance - @HDatFinance, Joel Fox - Californians for Reforms and Jobs, Not Taxes

Host:
Warren Olney

Producers:
Christian Bordal, Andrea Brody