Brown pushes budget plan during San Diego visit
[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.
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…
View original post 397 more words