Governor Davis promises to present “one of the toughest budgets ever,” and plans to create new jobs – but in his State of the State address last night, he avoided the topic of tax increases.
Davis says his “most immediate priority can be summed up as follows: jobs, more jobs and even more jobs.” Davis says he€™ll refuse to sign a budget that doesn´t contain significant structural changes to the way the state collects revenues. The state is facing a 34-point-eight (b) billion-dollar budget deficit.
Davis didn€™t say if he€™d call for major tax increases when he unveils his budget plan Friday. And he didn€™t mention any specific proposed cuts.
Davis also announced the creation of a permanent state Office of Homeland Security. And he called for extending a manufacturers tax credit that some lawmakers want to end.