Analyst pegs revenue $3.2B higher than Gov. Brown

Published May 17, 2013 10:08pm ET



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.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.