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California Has New Budget

Posted on Thursday, June 30, 2011 1:58pm

California Governor Jerry Brown Thursday afternoon signed a 86 billion dollar budget which includes major cuts in a number of programs, and services, but no new taxes.  The plan slices into higher education, mental health programs, and calls for the closure of 70 state parks.  It also relies heavily on billions of dollars in projected new revenue, as well as more than a billion dollars which would be taken from local redevelopment agency funds around the state.  If some of that funding fails to materialize, the plan calls for state leaders to reopen the budget, to make new cuts which are expected to hit K-12 education, and law enforcement.  Brown had originally sought to close the budget gap with a combination of cuts, and extending some taxes which are set to end July 1st, but failed to get enough bipartisan support to put the tax extensions before voters.

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