ITUP Summary of the Governor’s Proposed State Budget for FY 2016-17
|January 11, 2016||Posted by Lucien Wulsin under Blog||
The Governor’s FY 2016-17 proposed state budget has been released. Notably, Governor Brown is proposing significant contributions into the State’s Rainy Day Fund and major payments against California’s existing debt. California is projected to run a $5 billion surplus this year, with a smaller $3 billion surplus next year.
This ITUP brief provides a brief overview of the current California economy and the budget appropriations proposed by the Governor.