Jan. 10, 2014

Issue #3

Editor's Note

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Proposed Budget Leaked Wednesday Night; Governor Calls for “Wisdom and Prudence” with Surplus Revenues

Proposes Authorizing Infrastructure Finance Districts with Reduced Voter Threshold

For the second time in his current term, a late afternoon leak of Gov. Jerry Brown’s proposed FY 2014–15 budget Wednesday shook things up this week in the Capitol. Originally scheduled for the constitutional release date of Jan. 10, the Governor moved his press conferences up to Thursday giving insiders advanced opportunity to analyze the numbers. For the first time in more than a decade, the news was good. The coming debate over allocating billions in surplus revenues stand in stark contrast to the $26 billion deficit the Governor faced in FY 2011–12.

Revenue & Taxation, State Budget, Municipal Finance
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