We must also be realistic about our current tax system. California has a very progressive but volatile income tax that provides 70 percent of General Fund revenues. If we are to minimize the zigzag of spend-cut-spend that this tax system inevitably produces, we must build a very large reserve.
Governor Edmund G. Brown Jr. today proposed a $122.6 billion General Fund budget plan for 2016-17 that makes significant increases in funding for education, health care and state infrastructure, while bolstering the state’s Rainy Day Fund and paying down state debts and liabilities.
Governor Edmund G. Brown Jr. today proposed a carefully balanced budget that injects billions of dollars more into schools and health care coverage, holds college tuition flat and delivers on Propositions 1 and 2 by investing in long overdue water projects and saving money, while continuing to chip away at the state’s other long-term liabilities – debt, infrastructure, retiree health care and climate change.
Governor Edmund G. Brown Jr. today took the oath of office as Governor of California and delivered his inaugural address in the Assembly Chamber. The address serves as the Governor’s constitutionally required annual report to the Legislature.
MOUNTAIN VIEW – Governor Edmund G. Brown Jr. and Israeli Prime Minister Benjamin Netanyahu today signed a broad agreement to develop joint projects and conduct mutually beneficial research in California and Israel.
Governor Brown Convenes International Trade and Investment Advisory Council, Appoints Former US Ambassador as Chair
SACRAMENTO – Bolstering the state’s efforts to grow international business opportunities for California’s companies, Governor Edmund G. Brown Jr. today established the California International Trade and Investment Advisory Council and appointed former U.S. Ambassador to Hungary Eleni Kounalakis as chair.
SACRAMENTO – Committing to “pay down our debts and remember the lessons of history,” Governor Edmund G. Brown Jr. today delivered his annual State of the State address, highlighting California’s comeback while vowing to establish a solid rainy day fund to help maintain the state’s fiscal stability.
With California facing water shortfalls in the driest year in recorded state history, Governor Edmund G. Brown Jr. today proclaimed a State of Emergency and directed state officials to take all necessary actions to prepare for these drought conditions.