SACRAMENTO — With years of budget woes fading in the rear view mirror and a few billion extra dollars padding state coffers, Gov. Jerry Brown unveiled his first draft of the next state budget Thursday morning — including the framework of a new tax on managed health care plans that will prevent a cutoff of federal funds.
Still preaching fiscal restraint and prudence, Brown pitched a $122.6 billion general-fund budget plan that he says makes significant increases in funding for education, health care and state infrastructure, while also bolstering the state’s rainy-day fund and continuing to pay down state debts and liabilities. For the full article click here
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