Jerry Brown may be the luckiest Governor in America. After soaking the rich, Mr. Brown rode the tech industry boom to a budget surplus and blew out spending while preaching fiscal discipline. The self-styled deficit slayer has set California up for another tax hike—and maybe another budget crash.
Mr. Brown’s revised budget this year forecasts $1.9 billion in lower tax revenues than he projected a mere five months ago due to slowing economic growth. Despite boasting budget surpluses for the past three years, Mr. Brown…
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