Calif. Governor Jerry Brown: Raise Taxes Or Cripple Schools
Source: AP / CBS News
SACRAMENTO, Calif. – California Gov. Jerry Brown on Monday proposed more than $8 billion in cuts to close a widening California budget deficit but also said public schools will receive more money if voters approve his tax-hike initiative in November.
The governor wants public employees to take a 5 percent pay cut and also seeks cuts to health care and social services.
Brown released his revised spending plan Monday for the fiscal year starting July 1, saying the state faces a $15.7 billion deficit. That is roughly 17 percent of its $91 billion general fund, California’s main checkbook for day-to-day operations.
It also is far higher than the $9.2 billion gap Brown anticipated in January.
To read this article in its entirety visit CBS News.
Follow Roland Martin Reports on Twitter
Follow Roland S. Martin's Timeline On Facebook
Get Roland Martin Reports in your inbox!
Sign up for Roland Martin Reports Daily News Update powered by FeedBurner
