Governor's revised budget includes higher taxes
Governor Jerry Brown will lay out details of a revised state spending plan today after announcing over the weekend that the deficit is much larger than he had predicted just a few months ago.
The governor says the budget shortfall has swelled to $16 billion, partly because tax collections have not come in as high as expected and lawsuits and federal requirements have blocked billions of dollars in state cuts.
The governor wants voters to approve higher taxes in November to help balance the budget, but Republicans say that would hurt the state’s economic recovery.
The governor is expected to propose a contingency plan just as he did in his January budget. If voters reject the tax hikes, a list of unpopular cuts would automatically kick in. There would be three fewer weeks of school, higher college tuition fees and reduced funding for courts.