Brown pushes budget plan during San Diego visit

Brown pushes budget plan during San Diego visit

fox5sandiego.com

[trib_ndn vid=25510711]SAN DIEGO — Gov. Jerry Brown stopped in San Diego Thursday to say that California needs a prudent spending plan this year even though the state’s finances are healthy.

Jerry Brown BudgetBrown spoke at a news conference on the day he released his $155 billion proposed budget for 2014-15. He introduced his spending plan in Sacramento and was also going to speak in Los Angeles.

An improving economy will allow the state to pay down debt and put some money into reserve accounts, which would be used in years when volatile capital gains tax revenues come up short, the governor said.

“Some people would say let’s go on a spending binge, but I say it’s time for wisdom and prudence,” Brown said. “Pay down our debt, put it in a rainy day fund, and be prepared for the next downturn.”

California has about $355 billion in long-term liabilities, including $217.8 billion…

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