Showing posts with label California spending with NO MONEY. Show all posts
Showing posts with label California spending with NO MONEY. Show all posts
Friday, January 6, 2012
CALIFORNIA KEEPS ON SPENDING ALTHOUGH PENNILESS
CA: Brown Seeks 7% California Spending BoostCalifornia Governor Jerry Brown proposed $92.6 billion in spending for the year starting in July, an increase of about 7 percent, which will count on voters approving $7 billion of higher taxes in November. The spending plan foresees a deficit of $9.2 billion through the next 18 months. Almost half of that is in the current fiscal year, he said. He called for $4.2 billion in cuts, mostly to welfare and programs for the poor. If the tax increase isn't passed, Brown's plan would cut another $4.8 billion in support for public schools and community colleges.Read More
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