Wednesday, May 16, 2012

Big cuts coming after California state deficit skyrockets, Gov. Brown says - Anthony York and Christopher Megerian, LA Times

Gov. Jerry Brown warned of more painful spending cuts after the state's projected budget deficit jumped to $16 billion, much larger than the $9.2 billion estimated in January. Brown's video announcement did not specify what new cuts he will ask lawmakers to make. On Thursday he said his revised spending plan would fall between $85 billion and $90 billion, down from the $92.6-billion proposal he released in January. Anthony Wright, who advocates for affordable healthcare, predicted that Monday would be the "anti-Christmas." College leaders are also concerned, and University of California officials say they may have to raise tuition at least 6% in the fall if they don't get more money.

http://latimesblogs.latimes.com/lanow/2012/05/big-cuts-california-deficit-skyrockets-jerry-brown.html