AmericanTruther
Senior Member
- May 21, 2018
- 126
- 21
- 48
- Banned
- #1
Gov. Jerry Brown is using a surging, $8.8 billion surplus in his 16th and final year leading the state to stash billions of dollars in reserves.
He wants to put almost all of the additional money — $7.6 billion of it — into two reserve funds that combined would hold $17 billion a year from now if trends hold.
He warned at a press conference Friday where he unveiled his final budget for the 2018-19 financial year that a recession could be just around the corner and the state should avoid long-term commitments that it might not be able to afford in a downturn.
Brown is making moves to keep those subsidies alive to balance other states budgets too!
Surplus swells as Gov. Jerry Brown's last budget grows to $199 billion
He wants to put almost all of the additional money — $7.6 billion of it — into two reserve funds that combined would hold $17 billion a year from now if trends hold.
He warned at a press conference Friday where he unveiled his final budget for the 2018-19 financial year that a recession could be just around the corner and the state should avoid long-term commitments that it might not be able to afford in a downturn.
Brown is making moves to keep those subsidies alive to balance other states budgets too!
Surplus swells as Gov. Jerry Brown's last budget grows to $199 billion