Gov. Jerry Brown proposed a state budget for FY2014 on Jan. 10, 2013.[9] A 248-page Budget Summary provided by the governor's office can be found here.
The pro_posed budget increases spending by approximatley 4% over FY2013, bringing general-fund spending to $97.7 bil_lion.[10]
Highlight of the budget include:
Schools will receive $56.2 billion in state funds, an increase over $2.7 billion over the prior year;[9]
an additional $350 million will go to implementing President Obamaâs healthcare law with Medi-Cal, the stateâs public insurance program;[9]
$2.7 billion increase in funding for community colleges;[11]
increases state funding for the University of California and California State University systems by $250 million, a 5% increase.[11]
The governor claims that, if the budget is enacted as he proposes, the state will see an $851-million surplus projected at the end of FY2014.[9] He also said that he believes the state can reduce its "wall of debt" from $27.8 billion at the end of this current fiscal year to $4.3 billion by the end of 2016-17.[11]
In laying out his timeline for repaying some $23.5 billion in borrowed funds, Gov. Brown did not factor in tens of billions more owed $62 billion for retirement health care benefits promised to state workers. The coming tab for retired workers tops $181 billion over the next three decades: $62.1 billion for retiree health, $64.5 billion for teacher pensions, $38.5 billion for employee pensions, $12.8 billion for University of California employee pensions and $3.3 billion for judgesâ pensions. [12]
Read more:
http://sunshinereview.org/index.php/California_state_budget#ixzz2M2RmLjz0