California faces cuts to fill huge budget hole

Mon, 05/14/2012 - 22:25 EDT - France24.com - Business

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California governor Jerry Brown proposed spending cuts Monday, including shutting down state offices one day a week, as well as tax rises to curb an estimated $16 billion budget deficit.Brown warned that the budget hole could balloon further if California voters reject plans to increase sales tax and levies on high earners, in a November public vote in the huge western US state."I'm linking these serious budget reductions with a plea to the voters: please increase taxes temporarily," Brown told reporters as he unveiled a revised plan for the budget year that begins July 1.

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Calif. Gov. Proposes Cuts,Taxes To Close Budget Deficit
California is facing a huge budget deficit. In his State of the Sate speech, Governor Jerry Brown urged lawmakers to let the state's voters decide on his budget plan. » E-Mail This » Add to Del.icio.us
Brown seeks 5-year extension of California taxes (AP)

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California faces cuts to fill huge budget hole

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