Governor proposes $138 billion California budget

Governor proposes $138 billion California budget

Republican Assemblywoman Melissa Melendez of Lake Elsinore said it's "the stuff of fiction" to say California has a budget surplus "when the state is staring down more than $200 billion in outstanding debt and liabilities".

The revised budget proposal predicted a surplus of $8 billion, even more than the $6 billion surplus predicted in the original proposal in January.

"As Isaac Newton observed: What goes up must come down", Brown said. "This is a time to save for our future, not to make pricey promises we can't keep", "Let's not blow it now". His proposal is $199.3 billion when including bonds and special funds, which are restricted for specific purposes.

"This will help us chip away at the $20 billion backlog the state has for deferred maintenance projects", said Michael Cohen, director of the state's Department of Finance.

But in a nod to legislative Democrats' focus on income inequality, Brown is expanding the state's Earned Income Tax Credit program to include workers between the ages of 18 and 25, and above 64.

Brown's latest budget is up almost $6 billion from his earlier proposal in January.

Garcetti traveled to Sacramento last month and was joined by mayors from California's 10 other largest cities to advocate for a state bill, AB 3171, that would allocate $1.5 billion from the state surplus budget to combat homelessness.

State universities also want a piece of the surplus, not to mention a list of new courthouse projects waiting to be funded. He noted, "Revenues have grown since January but so have expenditures".

More news: Calls for restraint after Israeli raids on 'Iranians' in Syria

"We're already over-extended", Brown told reporters.

The debate consuming the Capitol today - what to do with $8.8 billion in extra cash - is a marked departure from the dilemma facing the governor when Brown returned to office in 2011 with a $27 billion budget deficit.

The governor is proposing putting about $4 billion of the surplus into one-time expenditures, including $2 billion to help state universities, facilities and courts tackle years of deferred infrastructure maintenance. That number remained unchanged in the revised budget. The Assembly and Senate have until June 15 to pass a budget under the state Constitution.

The final budget presentation by the four-term governor started on a playful note. But Brown, who won voter approval to raise sales and income taxes after taking office, said he crafted his latest spending proposal with the next economic downturn in mind: to buffer the state when the economy slumps.

Assemblyman Vince Fong, R-Kern County, gave a particularly bleak outlook of California's current state of affairs.

"Life is very giddy at the peaks. but I'm not giddy", he said. "You know once the government gets a hold of our money, it's really hard for them to let go of it". "We need to interrupt and interdict the cycle; that will take leadership because it's going to require changes in the laws that now exist". The governor wants to spend $359 million of the surplus to help local governments address the homelessness crisis and $312 million for programs that help people with mental illness, much of it directed to county programs serving youths. Since the end of the Great Recession, the UC system has received $1.2 billion in new funding, the California State University system has received $1.6 billion and community colleges have received $2.4 billion.

The proposed spending plan Brown released Friday would set aside $13 billion in California's rainy day fund for the next recession.

Both Cantil-Sakauye and Brown have also expressed support for reforming California's bail system, issuing a joint statement previous year voicing concern over how money bail affects the poor, and pledging to work toward a new system that considers both public safety and cost. "California needs to make a commitment to a modern mutual aid response system to meet the changing threat we face", said Brian Rice, president of California Professional Firefighters.

Related News:

  • Adele? Sir Mick? U2? Who tops musician rich list?

    Adele? Sir Mick? U2? Who tops musician rich list?

    Sir Paul's £40 million rise in net wealth is split equally between revenue from the Beatles' songs and income from a 37-date tour. That, however, includes the assets of his wife, Nancy Shevell , who is the heiress to a huge trucking business.
    Aurangabad clashes: Section 144 imposed after 1 killed, 10 cops injured

    Aurangabad clashes: Section 144 imposed after 1 killed, 10 cops injured

    Reportedly, the clashes between the groups took place after the illegal water connection to a religious place was disconnected. At present, a large number of security forces are deployed in the city and stress situation remains.

    (FB) Stake Lowered by ACG Wealth

    Trading volume for Facebook, Inc . was 21.07 Million in its previous trading session. (NASDAQ:FB) rating on Thursday, January 25. The firm has a market capitalization of $483,043.41, a PE ratio of 26.99, a P/E/G ratio of 0.91 and a beta of 0.79.
  • Dern misses weight by seven pounds, fight with Cooper still on

    Dern misses weight by seven pounds, fight with Cooper still on

    She had one fight at flyweight before signing with the UFC and returning to strawweight. After agreeing to take the fight, Cooper tweeted her displeasure with her opponent.
    Unnao rape: CBI confirms MLA raped woman, police protected him

    Unnao rape: CBI confirms MLA raped woman, police protected him

    Meanwhile, Unnao rape case victim demanded death penalty for BJP MLA Kuldeep Singh Sengar for raping her and murdering her father. The case made headlines last month when the victim and her family tried to kill themselves outside CM Yogi Adityanath's house.
    China's Didi apologizes after killing of passenger sparks safety fears

    China's Didi apologizes after killing of passenger sparks safety fears

    As she got into the auto , she texted a colleague saying she had "bumped into a pervert", Thepaper.cn reported . The post also provided Liu's photograph, birthplace, identification number and cellphone number.
  • ED attaches assets worth over Rs 20 crore of Chhagan Bhujbal, others

    ED attaches assets worth over Rs 20 crore of Chhagan Bhujbal, others

    Bhujbal met Pawar at the latter's silver oak bungalow and it is being speculated that there was a political discussion among them. As per doctors' advise, he will again have to be admitted for treatment and surgery, the former deputy chief minister's son said.
    Stanley Cup Playoffs 2018: Conference Finals Predictions

    Stanley Cup Playoffs 2018: Conference Finals Predictions

    Lightning coach Jon Cooper said earlier in the week the Lightning can not make a habit of losing Game 1 of the series. The Washington Capitals organization began play during the 1974-75 season and has never hoisted the Stanley Cup.
    At meeting with automakers, Trump launches new attack on NAFTA

    At meeting with automakers, Trump launches new attack on NAFTA

    But they do not want the administration to freeze the standards, with no future increases. "We'll see if we can make it reasonable".
  • Tigers-Mariners game rained out

    Tigers-Mariners game rained out

    Compare odds and from multiple different online sportsbooks and shop for the best lines at our new Baseball Odds & Betting Page . The Tigers are listed with odds of +125 to prevail, while the over/under total for the contest has been set at 9 runs.

    INDIANA PRIMARY ELECTIONS: Voters head to the polls

    Trump spent about $65 million of his own funds during his campaign. "They don't stick up for the Christians", Faulkner said. Joe Donnelly in a state where Trump won by 19 percentage points in the fall - and where Trump is set to visit Thursday.
    How Delhi Daredevils' Rishabh Pant exposed chink in Sunrisers Hyderabad's armour

    How Delhi Daredevils' Rishabh Pant exposed chink in Sunrisers Hyderabad's armour

    Shakib delivered Roy the exact next ball using a beauty which flipped out only enough to take the edge towards the wicketkeeper. His overall tally reached 521 - 28 runs ahead of second-placed Kane Williamson of SRH (493 runs in 11 games) after Matchday 34.


Most liked

Los Angeles Angels vs. Minnesota Twins
BC-BBA-Twins-Angels, 422 Rosario homers twice, Twins rally in ninth, beat Angels 5-4AP Photo ANS114, ANS109, ANS111Eds: APNewsNow. He posting another quality outing, tossing 6 ⅔ innings of three-run ball, while striking out eight batters on the night.

Iran's Supreme Leader posts Instagram pic reading 'Fire and Fury'
Six Iranians and three companies were targeted in the first wave of USA penalties since Mr Trump announced on Tuesday that... According to The Washington Post , Khamenei also talked about the letter during a speech at Farhangian University in Tehran.

WestJet adding nonstop flights to Vegas during Jets playoff run
Other teams gifted the Golden Knights draft pick inventory to steer them away from or toward certain unprotected players. This series belongs to the Tampa Bay Lightning , who are a complete team in every facet of the game.

Walmart can invest another $3Bn in Flipkart at the same valuation
SoftBank had invested Dollars 2.5 billion in Flipkart and exiting the company would fetch it up to USD 4.5 billion. The investment decision means that a valuation of almost $21 billion for Bengaluru-headquartered Flipkart.

Cannes 2018: Deepika Padukone's fluffy gown or Kangana Ranaut's embellished catsuit?
Deepika wore the Le Stylo Smoky Shadow in Royal Graphite along with a nude Matte lipstick shade by L'Oreal. Plunging necklines and exaggerated sleeves seem to be Deepika's thing - and we've got to say we love it.

Front Barnett Associates LLC Has $13.75 Million Holding in PepsiCo (PEP)
It is negative, as 63 investors sold PEP shares while 712 reduced holdings. 542 increased stakes while 122 funds bought stakes. Richard Chilton decreased its stake in Pepsico Inc ( PEP ) by 18.2% based on its latest 2017Q4 regulatory filing with the SEC.

Oklahoma gov vetoes bill allowing adults to carry guns without a permit
However Fallin's motion drew help from Oklahoma's Catholic bishops. "We hope that other governors, most immediately Kansas Gov. Governor Fallin released a statement saying she believe the firearms laws that Oklahoma now has are effective and appropriate.

AT&T chief says hiring Cohen was 'a big mistake'
Stephenson acknowledged that the company's reputation had been damaged when the payments to Cohen came to light. A Justice Department spokeswoman did not immediately respond to a request for comment.

My Journey Just Begun - Jason Cummings Oozes Confidence Over Rangers Move
Hibs have won just three of their last 20 top-flight games against Rangers (D3 L14), but two came in the last three metings. Hopefully next year I can kick on".

Hawaii volcano could blow its top soon, hurl rocks and ash
As that magma flows from the chamber and out of the fissures on the volcano's flanks, the lava level in the center crater falls. According to a USGS statement released nearly two hours after, the explosion was caused by a rock falling into the lava lake.

Jury Selection and ID of Mistress Discussed in a Court hearing
On May 6, attorneys at law firm Dowd Bennett filed a motion to block the search warrant for Greitens' personal email address. The issue is among many last-minute details Judge Rex Burlison will consider at a hearing Wednesday afternoon.

Red Bull keeping drivers on tight leash after Baku crash
But he finished with the second-quickest time in the afternoon, behind Lewis Hamilton of Mercedes and just ahead of Verstappen. Both drivers left Baku with zero points. "That's not how Red Bull is - and that's why I like the team", said the Dutchman.

'Save Lucifer!' Fans rally to save the Fox series from cancellation
"We created a season finale with a huge cliffhanger so that there was no way Fox could cancel us", he tweeted . I loved this show so damn much and everyone put their heart and soul into it.

NASA Spacecraft Finds New Magnetic Process in Turbulent Space
Furthermore, MMS's instruments are created to capture data at speeds 100 times faster than previous missions. This discovery is very important as it could one day lead to a better understanding of space environment.

New York Giants cut former UCLA RB Paul Perkins
He underwent a procedure recently and was waived with a non-football injury designation. He appeared 25 regular-season games in that span totaling 153 rushes for 546 yards.