CBP Releases Its Analysis of the 2014-15 Budget Package

Last week, Governor Jerry Brown signed the 2014-15 budget bill and related legislation. A new CBP report provides an initial analysis of the 2014-15 budget package, examining key provisions and their implications.

The report shows that the budget agreement places a heavy emphasis on fiscal austerity — prioritizing paying down debt and saving for a rainy day — and makes only modest progress in reinvesting in many key public systems and services that promote economic opportunity and shared prosperity.

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The CBP will provide additional analysis and commentary on the 2014-15 budget package in the coming weeks.

— Steven Bliss