There is much to cheer in Gov. Jerry Brown's budget announcement yesterday. However, it is not merely that the state is on the road to recovery, thanks, in part, to voters agreeing to a tax increase in November. Rather, it is that it presents a realistic budget framework and outlines the need for a rainy day fund to eliminate the state's boom-and-bust budget cycles while establishing a framework for changes to our educational system.
Brown has long been known for his frugality and this austere $97.6 billion general fund budget is rising by a mere $5 billion