K-12 Tax & Spending Climate: California deficit has soared to $16 billion, Gov. Jerry Brown says

PolitiCal:

Gov. Jerry Brown announced on Saturday that the state's deficit has ballooned to $16 billion, a huge increase over his $9.2-billion estimate in January.

The bigger deficit is a significant setback for California, which has struggled to turn the page on a devastating budget crisis. Brown, who announced the deficit on YouTube, is expected to outline his full budget proposal on Monday in Sacramento.

"This means we will have to go much further, and make cuts far greater, than I asked for at the beginning of the year," Brown said in the video.

Posted by Jim Zellmer at May 14, 2012 1:01 AM
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