Tuesday, December 13, 2011

California announces its mid year budget adjustment

SACRAMENTO, Calif. (AP) - Gov. Jerry Brown said Tuesday that California needs to make about $1 billion in midyear cuts to schools and social services, as the state's revenues fell about $2.2 billion below the rosy assumptions included in the budget he signed last summer.

The cuts Brown announced Tuesday are lower than previous estimates by the state's legislative analyst, which will allow the state to avoid deeper cuts to public schools. Districts are authorized to cut the school year by up to seven days, but they likely won't have to cut more than half a day because the funding cuts weren't as severe as predicted, finance director Ana Matosantos said.KCAUTV

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