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Gov. Brown readies updated budget with $4.5 billion in new revenue

by Take Two®

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California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles, California. Kevork Djansezian/Getty Images

Well it's a rite of spring here in California, Governor Jerry Brown releases his May revised budget today. For the first time in seven years there's no red ink. In fact, the Governor is dealing with an unexpected additional $4.5 billion in tax revenue. How will he spend that money?

Here with a preview of the proposal is John Myers, political editor for the ABC affiliate in Sacramento.

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