CBP Releases Analysis of Governor’s Revised Budget

Governor Brown last week released the May Revision to his proposed 2014-15 budget. A new CBP report out this past Friday provides an initial analysis of this revised spending plan, showing that — amid persistently high levels of poverty and long-term unemployment — the Governor continues to prioritize paying down debt and saving for a rainy day over reinvesting in a variety of critical public services and programs that are operating at severely diminished levels following several years of cuts.

The CBP’s analysis examines key changes and new policy proposals in the May Revision and highlights issues that are likely to shape the budget debate over the next month. The CBP will issue additional analysis and commentary regarding the May Revision in the coming days and weeks.

— Steven Bliss