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An improving budget situation

 

Last updated 6/5/2014 at Noon

Marie Waldron

On May 13, Governor Brown released his revised budget proposals, based on revenues received during the first quarter of 2014. The release of the “May Revise” has become an eagerly awaited yearly ritual in the Capitol, one that seldom fails to generate controversy.

This year, California’s financial picture is improving. Revenues are up approximately $2.4 billion, but unanticipated increases in Medi-Cal and other health costs related to the implementation of Obamacare will consume an additional $1.2 billion. The Governor wants to increase education spending by about $300 million, with...



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