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California governor releases $108 billion budget

By Washington Examiner
Published May 13, 2014 8:34pm ET
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California governor releases $108 billion budget
Gov. Jerry Brown responds to a question about his revised 2014-15 state budget that he unveiled at the Capitol news conference in Sacramento, Calif., Tuesday, May 13, 2014. Brown's revised spending plan projects $107.7 billion in general fund spending, which is nearly $1 billion more than the budget Brown proposed in January.(AP Photo) | AP

SACRAMENTO, Calif. (AP) — California’s tax windfall lifted Gov. Jerry Brown’s spending plan to a record level Tuesday, but the Democratic governor cautioned that the surplus is needed for higher-than-expected health care costs and an underfunded teachers’ pension system.

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Budgets and Deficits California Jerry Brown