|May 11, 2017
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No Affordable Housing Funding Proposed; Cap-andTrade Outcome Pending
Gov. Jerry Brown held a press conference this morning to unveil his revised FY 2017-18 budget proposal. Despite improved state revenue projections since January, Governor Brown continued to urge fiscal restraint, and cautioned that the next recession is long overdue. Concerns also continue over potential changes to federal policies, with an estimated loss of $4.3 billion annually by 2020, and $18.6 billion by 2027, should the House Republican’s replacement of the Affordable Health Care Act be enacted.
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