De Ja Vu all over again

SACRAMENTO -- The nonpartisan legislative analyst's office gave high marks to Gov. Jerry Brown for continuing to close the deficit with his budget proposal, but questioned whether the governor's revenue projections were overly optimistic.

Mac Taylor, the legislative analyst, said Brown is counting on capital gains revenues -- taxes on investments from the wealthy -- that he isn't sure will be around come tax season.

"What we're concerned about is that his capital gains assumption is a little bit optimistic," Taylor said at a news conference unveiling the LAO report. "We've looked historically, at housing, which is fairly stagnant, and looked at what (stock) market projections will be and we do get considerably lower numbers from capital gains." Santa Cruz

This happens every year.