Tuesday, January 15, 2013

Analyst calls Brown's budget 'reasonable' but has some concerns

Los Angeles Times
Gov. Jerry Brown's budget proposal may be too optimistic, but California's finances still have shown dramatic improvement, the Legislature's top financial advisor said Monday. Legislative Analyst Mac Taylor said the state is likely to generate $2.1 billion less in revenue and savings than the governor is counting on. But after years of catastrophic deficits, that's a relatively small gap in an estimated $97.7-billion proposal, he said.