Monday, January 12, 2015

Read the California Budget Project analysis of the Governor's budget proposals

Read the CBP's Analysis of Governor Brown's 2015-16 Budget Proposal 

A new report from the California Budget Project (CBP) examines the 2015-16 budget proposal released by Governor Jerry Brown this past Friday.

The CBP's report shows that even with increased state revenues and a continuing economic recovery that has yet to reach many Californians, the Governor's proposed budget prioritizes fiscal austerity over investing in broadly shared prosperity. The Governor's proposal does reflect a focus on policy changes enacted in prior years -- such as California's new K-12 funding formula and the state's implementation of federal health care reform -- that move the state forward in important ways. Yet, while the Governor's proposal includes long-term plans for paying down budgetary debt and saving for a rainy day, it does not present a similar vision for tackling California's biggest challenges: still-high levels of unemployment and poverty, widening income inequality, and a safety net severely weakened by years of funding cuts.

The CBP's report summarizes many of the key provisions of the Governor's proposed budget and highlights their implications.

Read the analysis.

No comments: