Gov. Brown's $190 Billion State Budget

Gov. Jerry Brown unveils his 2018-19 budget on Wednesday Jan. 10

"Fiscal restraints are needed more than ever as California approaches the peak of the business cycle".

Brown, in his last budget address before leaving office next January, proposed a general fund budget of $131.7 billion.

Brown balanced California's 2011-12 budget by cutting General Fund spending by 8.2 percent.

But legislative Democrats still have a lot they'd like to accomplish in the state. Holly J. Mitchell (D-Los Angeles), the chairwoman of the Senate's budget committee, hinting that she and her colleagues will be pushing for deeper investment in program funding. "Here, modesty is not good enough".

"We can talk about spending now and cutting later, or filling the reserves and continue our spending right along", Brown said. Cities and towns will see significantly more money in their coffers - $2.7 billion compared to $1.6 billion past year - to pay for local street and road repairs, thanks to the gas tax. "Unfortunately, this illustrates the fact that Californians pay too much in taxes".

Brown is using some of a projected surplus to speed up the full funding of his 2013 education reform, the Local Control Funding Formula. Brown's message at the time was, appropriately, one of belt tightening.

"We can't turn on a dime in a downturn", he said. Brown is taking advantage of the strong revenue numbers to fully fund the rainy day fund at $13.5 billion.

"We have to have a reserve", said Michael Cohen, state's Department of Finance director.

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"We have to set some money aside whether it's for wildfire costs or Medicare", Cohen said. The plan for these funds will be announced in conjunction with the Governor's State of the State Address.

Keeping the state on a path to long-term fiscal stability, Governor Edmund G. Brown Jr.

The Legislative Analyst's Office projects general fund revenue of $135 billion for the upcoming budget year, nearly $40 billion more than the state collected eight years ago.

In addition, Campaign for College Opportunity officials stated the governor proposes an ambitious new funding formula for California Community Colleges that rewards better student outcomes by investing additional revenue in colleges for the number of students they graduate, the number who graduate within three years, and the number of students who earn an Associate Degree for Transfer. An update to the budget will come out in May, and the state Legislature and the governor must come to agreement on the final spending plan for 2018-19.

One placed a $4 billion general obligation housing bond measure on the statewide ballot in November, while the other is expected to bring in $250 million a year through a $75 fee to most real estate transaction documents, except on the purchase or sale of property. The proposed budget will provide $11,614 per pupil in the next fiscal year, compared with $7,008 in 2011-12.

Many in Mr. Brown's party, which wields the power to raise taxes with two-thirds majorities in both state houses, have pushed for increased spending on social programs as the state has recovered from the last recession.

State officials are in a bit of a wait-and-see mode on the surplus, because part of the boost in December could be from taxpayers making early payments on tax bills they won't be able to deduct in 2018.


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