Arab Today, arab today california plan to plug 16bn gap
Last Updated : GMT 08:12:03
Arab Today, arab today
Arab Today, arab today

California plan to plug $16bn gap

Arab Today, arab today

Arab Today, arab today California plan to plug $16bn gap

California - Arabstoday

California\'s governor has unveiled a proposal to tackle the cash-strapped US state\'s $15.7bn (£9.7bn) budget gap. Gov Jerry Brown plans to raise $8.3bn from cuts, as well as $5.9bn in tax rises and $2.5bn from other measures. The budget hinges on voters passing two tax rises in November. The plan also envisages cutting 5% of payments to state employees, with a four-day week. California also hopes for $1.5bn in revenue over the next year after this week\'s Facebook stock flotation. In outlining the proposal, the Democratic governor said on Monday the state could not overcome its deficit by cuts alone. \"It\'s taken more than a decade to get into this mess. We\'re not going to get out of it in a year,\" he told reporters. \"But we\'re making real progress.\" California residents will vote in November on an increase in the sales tax as well as an income tax rise on those making more than $250,000 yearly. Both measures would be temporary and would also increase education spending. Gov Brown expects those tax rises to make up about $6bn of the shortfall. Polling suggests support for the measures but their passage is far from assured. If the ballot measure fails, Gov Brown proposes $5.5bn to be cut automatically from education in the state. California - which would be the world\'s ninth-largest economy if it were a nation - must pass a fiscal plan by 15 June. Democratic legislators balked at Mr Brown\'s previous plan to address the deficit. Gov Jerry Brown said on Saturday that the deficit had grown from a projected $9.2bn in January because of a slackening economy and legal challenges to planned cuts. The $8.3bn in planned cuts also envisages delaying courthouse construction projects and trimming $500m from the court system. Previously planned cuts to welfare and childcare are maintained in the new proposal as well as increased cuts to Medi-Cal, a government healthcare assistance programme. Gov Brown also plans to send low-level offenders in state prison to county jails, with an anticipated $1bn in savings to the state.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today california plan to plug 16bn gap Arab Today, arab today california plan to plug 16bn gap

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday