Jerry Brown - Wikipedia, the free encyclopedia
Upon taking office, Brown gained a reputation as a fiscal conservative.[10][11] The American Conservative later noted he was "much more of a fiscal conservative than Governor Reagan."[11] His fiscal restraint resulted in one of the biggest budget surpluses in state history, roughly $5 billion.[11][12][13] For his personal life, Brown refused many of the privileges and perks of the office, forgoing the newly constructed governor's residence and instead renting a modest apartment at the corner of 14th and N Streets, adjacent to Capitol Park in downtown Sacramento.[14] Instead of riding as a passenger in a chauffeured limousine as previous governors had done, Brown drove to work in a Plymouth Satellite sedan.[15][16]
Reagan, himself, argued that the income tax was the only levy that could generate needed revenues and provide property tax relief. Reagan's plan raised taxes $900-million. The tax increases signed by Reagan did more than close the budget gap. They kept pumping revenue into the state treasury well after the crisis was over. In fact, the tax increase piled up so much revenue into the state treasury that within a decade the state was sitting on a six billion dollar surplus or about 40% of the entire state budget at the time.
With the tax spigot turned on, Reagan, himself, could not turn it off. His measure on the special election 1973 ballot to limit spending was defeated. Tax revenue continued pouring into the state treasury after the budget crisis was past. In fact, for the five years between the defeat of the Reagan initiative to Proposition 13's tax revolt in 1978, state spending increased an amazing 12.5% a year; state revenues went up an incredible 18.4% a year. It was coming in so fast; government couldn't spend it all!
The existence of a growing surplus became a major issue in the Proposition 13 campaign. Voters were convinced government was too fat, and they voted overwhelmingly for Proposition 13.
Jerry Brown, Pat's son, inherited the governor's chair and budget surplus from Reagan. Ironically, with the treasury bursting at the seams, Brown was talking about an "era of limits."
portland imc - 2010.10.04 - Jerry Brown's first term as Governor
When Jerry Brown Was Governor, The State Had A $6 Billion Budget Surplus, Yet When He Left Office California Had A $1 Billion Deficit.
Under His Administration, Spending DoubledBut When He Left The Governors Office, The State Budget Deficit Was Over $1 Billion. [In 1982,] The budget surplus had evaporated into a deficit of more than $1 billion and the states general fund reserve had fallen from nearly $2 billion to zero
California Gubernatorial Candidate JERRY BROWN --- THE FACTS!! - TeaPAC