SACRAMENTO - California's tax revenue is running well ahead of projections, but the Governor's Office said Friday that has not simplified the challenge of closing the state's $15.4 billion deficit.
Lawmakers and Gov. Jerry Brown also have to consider possible cost increases involving education, health care and prisons, state Director of Finance Ana Matosantos said.
Her statement came a day after the Legislative Analyst's Office calculated the state has received $2.5 billion more than projected in personal income, corporate and sales taxes since the fiscal year started July 1.
The Democratic governor has proposed a mix of spending cuts and tax extensions to close the budget gap and is expected to present a revision on May 16.
The additional revenue could bolster the position of GOP lawmakers, whose opposition to extending tax increases thwarted Brown's budget proposal earlier this year.
The governor wants a special election so voters can decide whether to extend increases to personal income, sales and vehicle taxes for five years. The increases are set to expire by July 1.
Kate Walsh Alexis Bledel Liz Phair Tyra Banks Jennifer Garner
No comments:
Post a Comment