Less than four years after declaring California’s budget was balanced for the foreseeable future, Gov. Jerry Brown on Tuesday said the state is now projected to run a $1.6-billion deficit by next summer.
“The trajectory of revenue growth is declining,” Brown told reporters at the state Capitol on Tuesday as he unveiled the state’s budget.
The $179.5-billion plan seeks to resolve the budget shortfall by slower-than-expected growth in public school funding and through rolling back a series of one-time expenses discussed during last year’s budget negotiations.
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