The creative disappearing budget act
Overall spending grows by 12.5 billion.
Relies on 8.5 billion tax hike.
Defers 7 billion with gimmicks.
The General Fund budget at $97.7 billion is actually $104 billion if previous realignment adjustments are included. The General Fund budget is once again above 2007-2008 levels - the highest ever in state history.
The Governor also pulled back from his commitment to pay down the wall of debt, reducing a proposed $1.6 billion repayment of budgetary loans to just $1 billion.
The Governor's 2011-12 proposal to realign state programs to local agencies reduced General Fund expenditures by $5.3 billion. The programs continued to exist. However, instead of receiving funding from the General Fund, they became special fund programs. In the 2013-14 fiscal year, these programs are expected to cost taxpayers $5.9 billion.
But hey, if it makes the people happy what's not to like.
Change your federal and state withholdings to the maximum allowed to offset the increase in your federal and state taxes and spend your money now, because Gov. Brown needs to meet his proposed revenues.
http://www.arc.asm.ca.gov/BudgetFactCheck/?p_id=438
