Sacramento, CA — Governor Jerry Brown says California is facing a 9.2 billion deficit for the fiscal year that starts July 1st.
The Governor released his 2012-13 budget proposal Thursday.
Brown is proposing a ballot initiative that would ask voters to raise the income tax on those who earn $250,000 or more a year and boost the state sales tax by a half cent.
Brown says if the plan is voted down, he is proposing more trigger cuts to K12 education and universities. It would result in three weeks less school and higher college tuition.
“We’ve got so much spending, and we’ve got so much money, so we have to make the two balance,” said Brown. “We haven’t done that for years and years. I’m telling you that we can now do it if we follow this path.”
25th District Republican Assemblywoman Kristin Olsen says she looks forward to working with the Governor, but is concerned about his plan.
“The Governor’s budget misses the mark by assuming that Californians will vote to increase taxes in November, and by failing to include a plan to grow jobs in the state,” says Olsen. “The best way to make progress on eliminating our wall of debt is to grow revenues by putting Californians back to work.”
The Governor’s 258 page budget can be found by clicking here.