There's encouraging news for lawmakers in Sacramento.
On Tuesday, Governor Jerry Brown unveiled his revised budget plan for the fiscal year, which he says is balanced, and for the first time in several years the state has a revenue surplus.
Part of the reason for the surplus is Proposition 30, the voter approved $50 billion dollar tax hike over the next seven years..
Schools will be getting the bulk of the money, and a billion dollars will be spent on the new national program called Common Core Standards. It will take several years to implement, but Brown says once it's done, students will have their intellect challenged more and teachers will be better prepared to evaluate student achievement.
Governor Brown says the state may be headed in the right direction but by no means is he going to break out the champagne and start throwing money around. "Everybody wants to see more spending, that's what this place is, a big spending machine. You need something? Come here and see if you can get it. Well, I'm the backstop at the end and I'm going to keep this budget balanced as long as I'm around here... If I can. Now there's so many damn uncertainties out there in the world, that's why I'm going to keep more money in the reserve than those who have immediate needs."
Proposition 30 helped the state generate $4.5 billion more in tax revenue than expected and nearly $3 billion of it will be available for immediate use.
Lawmakers need to approve this budget by June 15th and if passed and signed by the governor, it would go into effect July 1st.
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