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Could California Have More Money Than Expected?
SAN FRANCISCO (KCBS) – The budget committees of both the California Senate and Assembly plan to meet Wednesday to try to work out a compromise, and there’s word that California may have more money in...
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BART Plans To Spend Surplus On Grimy Seats, Stations
OAKLAND (KCBS) – While most California transit agencies are dealing with multi-million dollar deficits, BART’s latest projections indicate a surplus, which could help keep trains cleaner in the future....
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California Parks Department Sitting On $54M Surplus; Director Resigns
SACRAMENTO (CBS/AP) — The director of California’s state parks resigned and a deputy was fired Friday after officials learned the department sat on nearly $54 million in surplus money for years while...
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California State Lawyers Were Told Of Hidden Park Funds Months Before Revelation
SACRAMENTO (CBS / AP) — A former California state parks employee says she told state attorneys her department was hiding about $20 million in a special fund several months before officials announced...
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Governor Brown Signs State Parks Bill Into Law To Ensure Spending Oversight
SACRAMENTO (CBS/AP) — Gov. Jerry Brown has signed several bills to keep California’s state parks open and ensure greater spending oversight in the wake of a scandal in which parks officials hid $54...
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California Budget Deficit Shrinks; May See Surplus By 2014
SACRAMENTO (CBS/AP) — The nonpartisan legislative analyst says California is facing a much smaller deficit of $1.9 billion through the end of the next fiscal year and could even see surpluses over the...
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California Taxes Coming In $4 Billion Above Forecast, Analyst Says
SACRAMENTO (CBS / AP) — California is on track to collect $4 billion more in personal income taxes than Gov. Jerry Brown had expected, giving a potential boost to education funding, the legislative...
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Democrats At Odds Over California Budget Surplus
SACRAMENTO (CBS/AP) - California is enjoying a revenue surplus for a change. Gov. Jerry Brown is reaping the benefits of an economic turn-around and higher taxes as he prepares to release his update...
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Brown’s Budget Cuts California Spending Plan Despite Surge In Tax Revenue
SACRAMENTO (CBS/AP) – Despite surging state tax revenue, Gov. Jerry Brown on Tuesday announced a spending plan for the coming fiscal year that is $1.2 billion lower than he projected in January....
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Brown Tells Counties To Help Pay For Medi-Cal Expansion
SACRAMENTO (CBS / AP) — Gov. Jerry Brown told county officials Wednesday that the state cannot afford to “double-pay” as he seeks to expand California’s health care program for the poor, meaning...
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Poll Finds Most Californians Favor Saving Budget Surplus
SAN FRANCISCO (CBS / AP) — Most Californians favor paying down the state’s debts and building a reserve over additional spending for social services, according to a poll released Wednesday that...
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Legislative Leaders Say California Budget Deal Near
SACRAMENTO (CBS / AP) — Gov. Jerry Brown and the Legislature’s Democratic leaders moved close to a state budget deal Monday that is expected to revamp education funding and begin restoring some of the...
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Gov. Brown Budget Plan Gives Big Money To Close Education Gap
SACRAMENTO (CBS / AP) — California schools will receive an infusion of more than $3.6 billion in extra money this year, much of it targeted to the neediest students as part of a redistribution plan...
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California To Have $10 Billion Budget Surplus By 2017, Analyst Says
SACRAMENTO (CBS / AP) – California’s independent legislative analyst on Wednesday offered a rosier financial forecast for the state than in the last several years, projecting annual operating surpluses...
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Gov. Brown Reportedly Proposing To Pay Down $11B In State Debt
SACRAMENTO (CBS / AP) — Gov. Jerry Brown’s budget for the coming fiscal year calls for an 8.5 percent increase in general fund spending coupled with a dedication to pay down the state’s debt by more...
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Brown Calls For New Education Funding, Rainy Day Fund In Budget Proposal
SACRAMENTO (CBS/AP) – A robust economic recovery and surging revenue propelled by voter-approved tax increases has sent California’s general fund spending to a record high, but Gov. Jerry Brown is...
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Task Force: Accounting Tricks Mean Impending California Budget Doom
SACRAMENTO (KCBS) – California and other states need to start being honest about their budgets and future liabilities, or face a terrible reckoning a generation from now, that according to the State...
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Gov. Brown Calls Special Session To Change California’s Rainy-Day Fund
SACRAMENTO (CBS / AP) — Saying the state’s budget surplus should be used to pay down debt, Gov. Jerry Brown on Wednesday called a special session of the Legislature to make changes to a rainy-day fund...
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Bulk Of Gov. Brown’s Revised State Budget Would Go Towards Medi-Cal
SACRAMENTO (KCBS)— California Gov. Jerry Brown released his May revision to the state budget on Tuesday. While it contains a record-high level of spending— $1 billion more than the one he proposed in...
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Davis City Council Tells Police To Tank Bulletproof Vehicle
DAVIS (CBS SF) — The Davis City Council has told the Davis Police Department to return its armored vehicle to the military within 60 days and to consider other alternatives for protection on four...
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