Thursday, June 16, 2011

California budget: California Democrats pass budget with taxes, cuts and tricks - latimes.com

California budget: California Democrats pass budget with taxes, cuts and tricks - latimes.com


Reporting from Sacramento -- Democratic lawmakers passed a rare on-time state budget Wednesday over Republican objections, but the plan — balanced with a blend of taxes, cuts and clever accounting — faces an uncertain fate at the hands of Gov. Jerry Brown.

After warning for months that devastating cutbacks to schools and public safety would occur without the renewed taxes that Brown has sought but has been unable to sell to Republicans, Democrats averted the most severe reductions.

But they did so by returning to old strategies that have papered over California's deficits for years: delaying the payment of billions in bills, skipping debt repayments and penciling in money that may not materialize.

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