03/28/2024

Jerry Brown’s Shocking 2017-2018 Budget Proposal

Governor Jerry Brown last week proposed his 2017-2018 Budget – his second to last before he’s termed out of the governorship in 2018. The headline of this proposed budget was a projected $1.6 billion deficit.  This news is shocking considering the Governor and the entire Sacramento establishment has been operating under the assumption of budget surpluses for the foreseeable future. Governor Brown, however, used the budget’s red ink to tout fiscal restraint.

There are two problems with this proposed budget, though.  One, Brown hasn’t necessarily been too stingy with state finances and two, deficits like these are concerning when the economy is doing well.

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