Jerry Brown, State Budget | featured news

Even with that infusion of money, California's legislative analyst says he thinks state revenue may be billions less than Gov. Brown has forecast. Facebook's eagerly anticipated Wall Street debut could pump nearly $2.5 billion into California coffers over the next five years, the state's top budget analyst said Monday.

Republicans decry the plan, which relies on a revenue windfall that, if it fails to pan out, will trigger big cuts. Abandoning negotiations with Republican lawmakers, Gov. Jerry Brown struck a deal with Democrats for a budget that assumes billions of dollars in fresh revenue — but could lead to major service cuts if the money doesn't materialize.

As legislative Democrats and Republicans heatedly trade blame for the impasse, Brown says he is still seeking the four GOP votes needed to extend taxes and set a fall referendum.

Gov. Jerry Brown was elected on a pledge to break legislative gridlock by changing Capitol culture, and he showered state lawmakers with attention as he tried to forge a bipartisan compromise to fix the state's chronic financial mess.

Gov. Jerry Brown has vetoed the budget package passed Wednesday by Democratic legislators, sources say, which creates a potential rift within his own party.

Tax income has been outpacing forecasts — good news as Sacramento struggles with a $15-billion budget deficit. GOP leaders are already using it as fodder against Gov. Brown's proposed tax increases.

Gov. Jerry Brown plans to hit the road next week, taking his case for more taxes directly to voters following the collapse of budget negotiations in Sacramento this week.

The billions of dollars in cuts to government services signed into law by Gov. Jerry Brown address a portion of the estimated $26-billion deficit facing California. Brown is still negotiating with Republicans on a proposal to put tax extensions before voters.Gov.

Talks between Gov. Jerry Brown and a group of Republican lawmakers looking for a budget compromise hit a wall this weekend, and no further talks with the five lawmakers are scheduled.

California Governor Jerry Brown will declare a state of fiscal emergency on Thursday for the state's government to press lawmakers to tackle its $25.4 billion budget gap, according to a spokesman.