Governor Brown's Budget
Published on Dec 27, 2015
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
THE GOVERNOR'S 2014-2015 BUDGET
THE TOP 5 THINGS YOU NEED TO KNOW ABOUT
$6.3 BILLION SURPLUS
- No budget deficits!
- No painful cuts!
- Economy slowly improving
- Revenues from Personal Income Tax
- Optimism about future budgets
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MORE $$$ FOR EDUCATION
PROPOSED RAINY DAY FUND
- Constitutional Amendment
- Limit the max amount that can be withdrawn
- Requires deposits during good budget years
- Voters must approve in November 2014
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PAYS OFF DEBT
BUDGET HIGHLIGHT #4
PAYS OFF DEBT
- Reduces debt from $24.9 to $13.1 billion
- Eliminate debt by 2017-2018
- Supports investments in infrastructure
SLIM SUPERMAJORITY
BUDGET HIGHLIGHT #5
SLIM SUPERMAJORITY
- Passing budget requires majority vote
- Revenues requires 2/3 vote
- Dems have slim supermajority in both houses
- Can pass budget without GOP
- Election Year!
LOOKING AHEAD
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LOOKING AHEAD
- Help those hit hardest by Recession
- Repair the Shredded Safety-Net
- Legislature will get their turn
- Accountability for LCFF and ACA Realignment
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