Monday, January 14, 2013

Analyst to assess Brown's Calif. spending plan

Fresno Bee
The Legislature's nonpartisan budget analyst will offer its assessment on Monday of Gov. Jerry Brown's budget proposal, which projected ongoing surpluses in California for the first time in more than a decade. In releasing his spending plan last week, the Democratic governor said California is emerging from an era of massive deficits and projected a $1 billion reserve in the $97.6 billion general fund for the 2013-2014 fiscal year. Just two months earlier, the Legislative Analyst's Office had projected a more cautious outlook that forecast a $1.9 billion deficit.