Jerry wants a bundle of cash from Californians

California (STOCA1) Governor Jerry Brown proposed $92.6 billion in spending for the year starting in July, an increase of about 7 percent, which will count on voters approving $7 billion of higher income and sales taxes in November.
The spending plan foresees a deficit of $9.2 billion. If the tax increase isn’t passed, Brown’s plan forecasts a $4.8 billion cut in support for elementary, high school and community-college education.
“The state of California (STOCA1) is a very generous, compassionate political jurisdiction,” Brown said. “When we have to cut spending, that spending is going to come from programs that are doing a lot of good. It’s not nice. We don’t like it. But the economy and tax statutes of California make just so much money available.”