Governor Brown’s May budget revision is not dramatically different from his original proposal in January. But revenue projections are now more positive. It adds about $2.5 billion more for schools, counties, child care, and the state pension fund. Nevada County’s Deputy CEO, Martin Polt, says the biggest boost for them is the easing of their financial burden to pay for home-care services…
click to listen to Martin Polt
Brown is allocating $400 million to counties. He also has pulled back on a proposal to freeze child-care provider rates. Polt says the budget revision also reflects the recent approval of gas tax and vehicle fee hikes that will provide more funding for transportation improvements…
click to listen to Martin Polt
But the governor also warns that recessionary cuts are likely just around the corner. There is still a projected budget deficit of $3.3 billion, but that’s down from $5.8 billion. The revised budget also does not reflect possible revenue reductions from major revisions to the Affordable Care Act that are being considered in Congress.
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