The Madeleine Brand Show for May 2, 2012

Tax revenue falls $2 billion short of Gov. Brown's expectations

California Budget

Rich Pedroncelli/AP

Gov. Jerry Brown discusses the cuts he has already made to help reduce the state's budget deficit from nearly $20 billion last year to a gap of about $9.2 billion as he unveiled his proposed $92.5 billion. California faces a smaller budget deficit in the coming fiscal year but will require nearly $5 billion in cuts to public education if voters reject Brown's plan to raise taxes in the fall.(AP Photo/Rich Pedroncelli)

Governor Jerry Brown and the state of California received some startling news regarding the state's budget last month: tax revenues fell more than $2 billion short of expectations.

John Myers, political editor for News10 KXTV in Sacramento, joins the show to discuss why the Governor's expectations were so high, and what this may mean for his ballot initiative to raise taxes, which will appear on the fall ballot.

Guest:

John Myers is a political editor for Sacramento ABC affiliate News10 KXTV.


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