Post by Logan on Jan 22, 2016 2:32:52 GMT -6
Jerry Brown charts cautious course in State of the State address
Gov. Jerry Brown, charting a cautious course in his State of the State address, warned Thursday of a future economic downturn and urged lawmakers to restrain spending despite state budget surpluses.
Brown took credit for raising the minimum wage, expanding health care coverage and increasing funding for schools. But he pointedly offered no new policy proposals, casting an agenda focused on “how we pay for the commitments we already have.”
The address came amid turmoil in the United States stock market, with fears about the Chinese economy and the plummeting price of oil.
Brown depicted the world as “profoundly uncertain” and California’s budget, which relies heavily on income tax revenue, as especially volatile.
Read more here: www.sacbee.com/news/politics-government/capitol-alert/article55837470.html
Gov. Jerry Brown, charting a cautious course in his State of the State address, warned Thursday of a future economic downturn and urged lawmakers to restrain spending despite state budget surpluses.
Brown took credit for raising the minimum wage, expanding health care coverage and increasing funding for schools. But he pointedly offered no new policy proposals, casting an agenda focused on “how we pay for the commitments we already have.”
The address came amid turmoil in the United States stock market, with fears about the Chinese economy and the plummeting price of oil.
Brown depicted the world as “profoundly uncertain” and California’s budget, which relies heavily on income tax revenue, as especially volatile.
Read more here: www.sacbee.com/news/politics-government/capitol-alert/article55837470.html