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The California Budget

posted Jun 28, 2011, 6:58 AM by Gary Jones   [ updated Jun 28, 2011, 7:16 AM ]

Budget deal by Brown, Dems scraps tax election, may trigger cuts


A few details from the Sacramento Bee article:
1. The state sales tax will drop one percentage point and the vehicle license fee half a percentage point on Friday,
2. The budget assumes $4 billion in new revenues,
3. Outside fiscal experts doubt that $4 billion in additional tax revenue will materialize,
4. There are cost-savings triggers that address revenue shortfalls, and
5. If enough revenue does not come in, state officials will "encourage" districts to reduce the school year by seven days.

Read the article addressing the state budget at sacbee.com
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