The fiscally conservative Democrat

It’s the sweet smell of reasonableness…

After overcoming years of fiscal dysfunction that stemmed in part from an antitax ballot referendum, Gov. Jerry Brown is trying to call California voters to the ballot again — this time to approve a constitutional amendment requiring that surpluses be used to pay down municipal debt and create an emergency fund.  The proposal comes as the state has ended years of multibillion-dollar budget gaps and is in the midst of another boom, bringing in billions more than it predicted in tax revenue this year and facing a budget surplus even more flush than anticipated just months ago.

via With Eye on Re-election, Brown Pushes Rainy-Day Fund –

About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.
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