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>> JERRY BROWN Latest News

JAN 29, 2013 - Yahoo! News

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Analysis: California budget fix relies on good times for the rich

SAN FRANCISCO (Reuters) - California's governor is betting the wealthy will grow wealthier still to help right his state's finances, a wager that is expected to help the budget in the short term, but leaves it at risk of a revenue slump if assets such as stocks lose value. Democratic Governor Jerry Brown sees a budget surplus within reach, in contrast to the deficits that have bedeviled the state for the past decade, in part due to new revenue from increases in income tax rates on the wealthy approved by voters in November. ...

Tags: Analysis: California budget fix relies on good times for the rich,  Jerry Brown Latest News