Gov. Jerry Brown unveiled a revised budget proposal on Friday that would reduce spending from the state's general fund by almost $500 million in the next fiscal year. The proposal reflects both savings achieved from recent changes to state health care programs and a shortfall of nearly $2 billion in tax revenue that was expected this year.
Here are four things to know.
Deficits on the way
Without an extension of the Proposition 30 tax on high-income earners, the Brown administration projects a…
Gov. Jerry Brown unveiled a revised budget proposal on Friday that would reduce spending from the state's general fund by almost $500 million in the next fiscal year. The proposal reflects both savings achieved from recent changes to state health care programs and a shortfall of nearly $2 billion in tax revenue that was expected this year.
Here are four things to know.
Deficits on the way
Without an extension of the Proposition 30 tax on high-income earners, the Brown administration projects a…