Gov. Brown To Sign Pared-Down Calif. Budget Deal
RENEE MONTAGNE, Host:
As John Myers of member station KQED reports, finally getting a budget at all has brought no jubilation, but at least some relief.
JOHN MYERS: California faced a $26 billion budget hole when Jerry Brown took office in January. The hole was created by a long-term imbalance of taxes and spending and exacerbated by a floundering economy. But in the fiscal year that begins Friday, Brown and his fellow Democrats in the state's legislature are banking on hope that a recent uptick in tax revenues will bring in an unexpected seven-and-a-half billion dollars.
JERRY BROWN: We do expect more revenues in the budget year coming up. But in case we're overoptimistic, we have severe trigger cuts that will be triggered and go into effect.
MYERS: Still, California's biggest budget solution is less spending, to the tune of $15 billion.
DARRELL STEINBERG: This budget is the most austere fiscal blueprint California's seen in more than a generation.
MYERS: Democrat Darrell Steinberg is the leader of the California State Senate.
STEINBERG: Spending levels are at historic lows. And every sector of society will feel the difficult choices we've made to bring the budget into balance.
MYERS: Republicans, like state Senator Bob Huff, says the budget now in place proves those taxes were never really needed.
BOB HUFF: If we now have the revenue that we needed at the beginning of the year, why is it we keep going back to the voters and asking for yet more?
MYERS: For NPR News, I'm John Myers, in Sacramento.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.