Several Factors Caused Calif. Budget Deficit To Double
Gov. Jerry Brown (D) and Senate Minority Leader Bob Huff (R-Diamond Bar) recently explained how several factors contributed to the state's budget deficit nearly doubling from a projected $8 billion gap at the start of 2012 to nearly $16 billion in May. They noted that lawmakers were overly optimistic about revenue projections in the last fiscal year budget, while proposed reductions in health and human services spending were rejected by federal judges and the Obama administration.
- "How California's Budget Deficit Nearly Doubled" (Adler, "KXJZ News," Capitol Public Radio, 6/6).