Monday, May 16, 2011

Governor of California, this plan revised budget

SAN FRANCISCO - Governor of California Jerry Brown Monday unveiled a revised plan to balance the State budget, which requires a deficit remaining about closing $ 15 billion.


The review required by the Act, comes after an unexpected pick-up of revenue that changes Brown political issues by facilitating the threat to education spending in the US State most populous, which is the largest issuer of municipal debt.


Democrat Brown called for a popular vote to extend these increases that expire in the summer and prevent deeper cuts in government programs, but the increase in income has hardened opposition to taxes by the Republicans, who say popular school expenses may be protected.


The Republican minority in the legislature, which has the ability to block many financial plans, would close the deficit remaining with greater reductions for social programs, transfer of funds, reduce costs of pay State and markets services to the private sector.


Brown review will show if he intends to stick to its plan for a vote of the State of Minnesota on taxes or seek a compromise, taking advantage of the unexpected rise in revenue and projecting it will continue through the year 2011-2012which begins in July.


The Los Angeles Times cited Saturday as anonymous officials saying that Brown would use the unexpected windfall to avoid hiking in income tax this year and leave in place "enterprise zones" for businesses, local governments want to keep.


But his revised plan would raise taxes on income next year and opt for five years of the tax sale and extensions of vehicle expenses and ask the voters of the State to approve the plan, said the newspaper. A spokesman for Brown refused to comment on.


Education and the application of the Act were largely spared cuts, while Brown signed the Bills in March to reduce the deficit by about 11 billion with reductions in falling hard on health and social welfare programs.


At the time, he has called for closing the budget gap with equal measures of taxes and reduced spending, but only cuts are materialized.


Brown was able to offer another series of cuts, hiking its an alternative to the tax. But allies have sharply criticized the Republican regime.


"It is a recipe for failure, rife with gimmicks," said State Democratic Treasurer Bill Lockyer.

No comments:

Post a Comment