Jerry Brown
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After years of grueling battles over state budget deficits and spending cuts, California has a new challenge to deal with: what to do with the unexpected surplus of money, reports the New York Times.
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SAN FRANCISCO, Feb 13- Texas Governor Rick Perry's latest sales pitch to California businesses boils down to four words: Texas is no California.
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SAN FRANCISCO, Feb 13- Texas Governor Rick Perry's latest sales pitch to California businesses boils down to four words: Texas is no California.
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WASHINGTON, Feb 8- The state of California will likely sell $7 billion of general obligation bonds this year in two parts, with the first half of the sale in a few months, Treasurer Bill Lockyer told Reuters TV on Friday. California will return to the market in the fall, he added.
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WASHINGTON, Feb 8- The state of California will likely sell $7 billion of general obligation bonds this year in two parts, with the first half of the sale in a few months, Treasurer Bill Lockyer told Reuters TV on Friday. California will return to the market in the fall, he added.
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SAN FRANCISCO, Jan 29- California's governor is betting the wealthy will grow wealthier still to help right his state's finances, a wager that is expected to help the budget in the short term, but leaves it at risk of a revenue slump if assets such as stocks lose value.
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Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.
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*Brown turning his attention to education funding reforms. SACRAMENTO, Calif., Jan 24- Governor Jerry Brown, hailing what he described as a hard-fought rebound in California's fortunes, used his annual State of the State address on Thursday to urge fiscal discipline to avoid a return to budget deficits and cycles of "boom and bust."
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*Brown turning his attention to education funding reforms. SACRAMENTO, Calif., Jan 24- Governor Jerry Brown, hailing what he described as a hard-fought rebound in California's fortunes, used his annual State of the State address on Thursday to urge fiscal discipline to avoid a return to budget deficits and cycles of "boom and bust."
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SACRAMENTO, Calif., Jan 24- Governor Jerry Brown, hailing what he described as a hard-fought rebound in California's fortunes, used his annual State of the State address on Thursday to urge fiscal discipline to avoid a return to budget deficits and boom-and-bust cycles.
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Jan 22- New York Governor Andrew Cuomo proposed on Tuesday a $136.5 billion state budget for fiscal 2014 that boosts education spending and closes a $1.3 billion gap without raising taxes. The spending plan, which would be a 1.9 percent increase, or $2.5 billion, from the current fiscal year, must be approved by state lawmakers.
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WASHINGTON, Jan 15- The natural gas boom has brought fortune to Wyoming over the last year and lifted its revenues beyond expectations, but in his state of the state address last week, Governor Matt Mead pressed legislators to cut spending by 6 percent.
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SAN FRANCISCO, Jan 14- California's budget watchdog largely commended the first projected surplus in years unveiled by Governor Jerry Brown, saying in a report on Monday that the state's spending and revenue in his budget plan were now "roughly in balance."
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*Surplus seen at $851 million for 2014. *Budget sets aside $1 billion in rainy-day fund. SACRAMENTO, Calif., Jan 10- Governor Jerry Brown delivered rare good news on Thursday in his state budget plan, saying California's budget deficit is gone after years of financial troubles as he proposed increased spending on education and healthcare.
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SACRAMENTO, Jan 10- California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosting total expenditures by 5 percent.
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SAN FRANCISCO, Jan 10- California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosts expenditures by 5 percent but vows to maintain fiscal discipline.
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SAN FRANCISCO, Jan 10- California's economy. Brown faced a $9 billion gap a year ago and $25 billion two years ago. The Sacramento Bee reported on Thursday that Brown will propose giving more than $2 billion extra to K-12 districts next school year, quoting sources familiar with the proposal.
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SAN FRANCISCO, Jan 8- California Governor Jerry Brown, a Democrat fresh off a triumphant election in which voters approved higher taxes, will face a new challenge as he presents his proposed budget this week: fending off demands for more spending from his own emboldened party.
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In an example of federal and state tax law interaction that gets little notice on Capitol Hill, 30 states next year could collect $3 billion more in estate taxes if Congress and President Barack Obama do not act soon, estimated the Urban-Brookings Tax Policy Center, a Washington think tank.
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The wealthier the Californian, a study of tax data says, the less likely he or she is to move to avoid taxes aimed at the rich.
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SAN FRANCISCO, Oct 29- A handful of individual super-donors, business groups and unions have poured more than $350 million into California ballot initiatives ahead of the Nov. 6 election, underscoring the extent to which the state's system of ``direct democracy'' has morphed into a big-money battleground.
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