May 13, 2016
Issue #38

Editor's Note

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Governor’s Revised FY 2016-17 Budget Holds Line on General Fund Spending; Includes $2 billion Homeless Housing Revenue Bond

Requires Non-Discretionary Approval of Affordable Housing to Avoid Perceived Delays Caused by Community Input and CEQA Review

This morning Gov. Jerry Brown began his budget press conference by reiterating his warning that California must prepare for the next inevitable downturn. The Revised FY 2016-17 Budget recognizes that California’s tax revenue forecast has been reduced by $1.9 billion since January caused by sluggish income tax and sales tax revenues. Consequently, while minor adjustments were made to the Governor’s January spending proposals, he proposes no new major General Fund spending.  

Revenue and Taxation, State Budget

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