Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

How many of you missed California's debt is GONE?

% of readers think this story is Fact. Add your two cents.


How many of you missed California’s
debt is GONE?

Riding a
wave of new tax revenue, California Gov. Jerry Brown on Thursday proposed a
state spending plan that eliminates the deficit and provides $6.3 billion more
in spending than the previous year.

The
revenue has wiped away a budget deficit that stood at $25 billion when Brown
took office two years ago and has created a slight surplus.

Brown
proposed a $97.6 billion general fund for the 2013-14 fiscal year, an increase
of 7 percent from the current year. The additional revenue will help him pour
more money into public schools and universities.

California’s
spending plan for the coming fiscal year will rise by 7 percent, a powerful
indication that the state that came to symbolize fiscal mismanagement during
the heart of the recession is emerging into brighter days.

“California
today is poised to achieve something that has eluded us for more than a decade
– a budget that lives within its means, now and for many years to come,”
Brown told reporters.

His
budget includes a surplus of $850 million.

A
rebounding economy coupled with new revenue from the higher sales and income
taxes voters approved last November have put the nation’s most populous state
on a healthier financial trajectory, as it begins to turn the corner on an era
of deep budget shortfalls and spending cuts to core state programs.

Play Video

California Budget
Deficit Disappears

California Governor Brown says that for the
first time since the recession, California faces no budget deficit, with CNBC’s
Jane Wells.

California’s persistent budget woes came to symbolize the plight
of states struggling through the recession as tax revenue declined steeply,
leaving governors and state legislatures around the country little choice but
to consider deep cuts or unpopular tax increases.

Brown took both approaches. He pushed an austerity message that
forced cuts throughout state government during his first two years in office
while persuading California voters to approve increases to the state sales tax
and on income taxes on high-income earners.

Despite the new revenue flowing in, Brown has warned his
Democratic colleagues who control both houses of the state Legislature that
they must not overplay their hand and spend too freely. The governor wants to
build a reserve fund for future downturns and focus spending on K-12 education,
which already accounts for more than half the state’s general fund spending.

Among Brown’s priorities is creating a new funding formula for
public schools. It would be aimed at giving school districts more control over
spending and directing state money to the neediest children and poorest
districts.

His proposal is expected to run into opposition from lawmakers
representing more affluent regions of the state.

Cuts are still expected in some areas, such as the courts, while
health care programs and social services are expected to see no increases in
spending.

California’s general fund spending hit a high of $103 billion
before the recession decimated the state’s economy and severely cut tax revenue
for the state and municipalities. It dropped to a low of $87 billion during the
2011-12 fiscal year, requiring lawmakers to make deep cuts in a wide array of
state services, including K-12 schools, higher education, the court system, and
social services for the needy and disabled.  Don’t forget to play Gov.
Video.


So what happened to it? Any opinions?  I think I know!!!


NESARA- Restore America – Galactic News


Source:



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.