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CALIFORNIA | LOCAL
January 9, 2014 | By Chris Megerian
SACRAMENTO -- Gov. Jerry Brown on Thursday detailed his plans to continue nursing California back to financial health, emphasizing the need to carefully guard the surplus revenue generated by the recovering economy. The governor, during a Thursday morning press conference at the Capitol, said he wants to repay $11 billion of the state's debt and stash $1.6 billion in a reserve fund. "For this year, there's very good news. Good news in the fiscal stability and resources available for the state of California," Brown said, "but also cautionary warnings that, by no means, are we out of the wilderness.
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CALIFORNIA | LOCAL
June 13, 2013 | By Los Angeles Times Staff
When a deal was reached on the state budget, Gov. Jerry Brown, Senate leader Darrell Steinberg and Assembly Speaker John A. Pérez gathered in the Capitol to declare victory. Missing from the press conference, says George Skelton in his Thursday column , was a fourth group that made a balanced budget possible. "Let's not forget where most of the credit belongs for a punctual, sensible budget," he writes. "It's with another, oft-maligned group: the California voters. " Two votes played a crucial role in this year's largely smooth budget process.
CALIFORNIA | LOCAL
May 29, 2013 | By Chris Megerian
SACRAMENTO -- For much of the year, the debate surrounding the budget has pitted Gov. Jerry Brown against Democrats in the Legislature. But starting this week, there will be a different set of divisions in the Capitol. The Assembly and the Senate are pushing different budget plans that will need to be reconciled in a series of joint hearings scheduled to begin Friday.  Although the differences involve a relatively small part of the budget, they represented divergent views on how California should begin reinvesting in government programs now that deficits have faded.
CALIFORNIA | LOCAL
June 27, 2013 | By Chris Megerian
Gov. Jerry Brown on Thursday signed the new state budget, which is set to take effect Monday. The $96.3-billion spending plan for the general fund contains much of what Brown sought when he released his initial blueprint in January, including a shift of some school money from wealthy districts to those with large numbers of poor students and English-learners. It also lays the groundwork for more spending on social services, university tuition assistance and mental health care in future years, a priority of the Legislature's leaders.
OPINION
May 24, 2012
Re "An L.A. budget, with holes," Editorial, May 18 Since 2009, the city has undertaken unprecedented structural reform while addressing each year's shortfall, including: Requiring employees to contribute 2% to 4% (from zero) of their pay for retiree health benefits, and freezing benefits for employees not contributing. The elimination of nearly 5,000 positions, resulting in the smallest civilian workforce since Tom Bradley was mayor. Pension reform and a 20% salary reduction for new hires.
OPINION
May 15, 2012
Re "State deficit estimate hits $16 billion," May 13 Again we are facing budget shortfalls that need to be made up by more taxes. Is there an end to California's financial crisis? Do we have to go from crisis to crisis with no light at the end of the tunnel? The Greek financial shadow is looming larger because the governor doesn't have the guts to make the changes to get our house in order. No one says, "Enough is enough. " I am glad I am 80 years old, but the future my children and grandchildren will endure frightens me to no end. H.K. Rahlfs Irvine The answer to every government deficit situation: "This means we will have to make cuts far greater than asked for at the beginning of the year in schools, public safety and services.
OPINION
October 18, 2010
State and local governments need money to get through the economic slump, so they're turning to, well, garage sales. The city of Los Angeles is doing so literally, negotiating the long-term lease of parking garages to private operators. And California officials reported Oct. 11 that they had reached a deal to sell the Ronald Reagan State Building and the Junipero Serra Building in downtown Los Angeles, plus nine other buildings in four other cities, to a private real estate partnership.
OPINION
February 22, 2012 | By David M. Primo
It has been three years since President Obama's American Recovery and Reinvestment Act was enacted. The stimulus was one of the administration's first attempts to micromanage the economy with short-run policies instead of offering a long-run strategy for restructuring government. The president's proposed 2013 budget is the latest. If we learned anything from the stimulus, it's that the country would be better served if the president did less tinkering in his budget - like handing out tax breaks for manufacturing and "clean" energy - and more leading.
OPINION
April 17, 2012
Mayor Antonio Villaraigosa and Chief Administrative Officer Miguel Santana are putting the final touches on the budget that the mayor will introduce to the City Council on Friday. All signs are that it will open a bruising debate, with the predictable calls for sacrifice to close a budget shortfall of more than $200 million. Layoffs seem a near-certainty, and the search for new revenue is an inescapable part of the solution. There is much to bemoan in all of this. No one wants to put more workers on the street in a slow economy, nor is there much enthusiasm at City Hall or elsewhere for tax hikes to prevent even greater cuts.
NATIONAL
April 28, 2009 | Associated Press
Congressional Democrats sealed an agreement Monday night on a budget plan that would help President Obama overhaul the healthcare system but allow his tax cut for most workers to expire after next year. Senate Budget Committee Chairman Kent Conrad (D-N.D.) announced the agreement and key details. The pact would prevent Senate Republicans from delaying or blocking Obama's plan to vastly expand government-subsidized healthcare when it advances this fall. The $3.
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