Gov. Jerry Brown unveiled a new budget plan Thursday that calls on California voters to approve $6.9 billion in new taxes that would apply to sales purchases and income on the state’s high earners (those making over $250,000 a year). The budget was inadvertently published on the state’s Department of Finance website, leaving the Governor’s office scrambling to arrange a news conference Thursday to detail the plan.
In hawking his 2012 budget proposal, Brown warned voters that without the temporary new taxes, which would be scheduled to expire in 2016, the state would have to drastically reduce its education budget — which, the Governor noted, would likely shorten the school year by three weeks. If voters accept his proposal, Brown suggested, the state could undergo serious debt reduction while reversing recession-era cuts to K-12 schools, which have already shortened the school year and inflated student-teacher ratios.
"With the tax program, we will eliminate the budget deficit finally, after years of kicking the can down the road," Brown contended.
If the tax increases are not implemented, state officials cautioned, the reductions to public education would automatically go into effect, including $4.8 billion in cuts for public schools and community colleges and another $400 million in cuts for higher education. In addition, California courts would suffer a $125-million reduction and spending would be reduced for firefighting in public forests.
Click here to read the entire article.