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California's budget deficit rockets to $16 billion, says Gov. Brown

Max Whittaker/Getty Images

California Gov. Jerry Brown at the State Capitol in Sacramento in 2011.

California’s state budget deficit has jumped to a projected 16-billion dollars. That’s a 7-billion dollar increase from the start of the year. Governor Jerry Brown announced the news in a YouTube video ahead of Monday's release of his revised budget proposal.  

Said Brown, "This means we will have to go much farther and make cuts far greater than I asked for at the beginning of the year.  But we can't fill a hole of this magnitude with cuts alone without doing severe damage to our schools." 

Brown is urging voters to approve his tax initiative on the November ballot. He says the state’s shortfall grew from 9.2 billion dollars in January because the economy hasn’t recovered as quickly as the administration had hoped.

 

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