Brown reaffirms Calif’s financial crisis | TahoeDailyTribune.com

Brown reaffirms Calif’s financial crisis

SACRAMENTO, Calif. (AP) – Gov. Jerry Brown is reminding everyone that California’s $25.4 billion deficit is a crisis for the state.

Brown on Thursday reaffirmed former Gov. Arnold Schwarzenegger’s declaration last month of a fiscal emergency. The move gives lawmakers 45 days to take action.

If they fail to address the problem in that timeframe, the Legislature would be prohibited from acting on other bills.

Brown is calling for a combination of spending cuts, tax extensions and tax-law changes to balance the deficit over the next 18 months.

Brown to ask voters in a special election to extend temporary sales, income and vehicle taxes for five years. Lawmakers must act by March to get the question on the ballot by June.


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