Governor and Democratic Leaders Announce Budget Deal

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SACRAMENTO — The budget compromise announced today between Gov. Jerry Brown and the Legislature’s Democratic leaders largely mirrors the governor’s proposal for a fiscally restrained spending plan that assumes conservative revenue projections. But there’s a catch: Rank-and-file Democratic lawmakers say they are agreeing to less spending than they wanted so they could pass the budget […]

Governor: Tax Hikes Needed For $16B CA Budget Gap

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SACRAMENTO – California Gov. Jerry Brown on Monday proposed more than $8 billion in cuts to close a widening California budget deficit but also said public schools will receive more money if voters approve his tax-hike initiative in November. The governor wants public employees to take a 5 percent pay cut and also seeks cuts […]