SACRAMENTO, Calif. (AP) — The state’s independent budget analyst said Friday that California will take in $3.2 billion more in tax revenue than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more money into state programs and setting up a spending showdown with the administration.
The Legislative Analyst’s Office released its assessment of Brown’s revenue and spending plan just days after the governor’s budget update for the fiscal year starting July 1. It said the administration’s figures do not reflect the improving economy, including higher capital gains from stock sales.
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