Buoyed by tax increases passed under his administration and a strong economy, Mr. His proposal convoys $5 billion into a rainy day fund generated by voters in the past with the objective of passing the fully furnished $13.5 billion fund to his successor. Brown's Local Control Funding Formula increased funding for districts with disproportionate numbers of English-language learners, foster students and students from impoverished families to help them all have better chances at leading successful lives.
Spending: "There's a lot more money circulating", he said, referring to his $11.3 billion budget when he first took office and this year's proposed $132 billion figure.
His office in November replaced the attorney general's office in defending his pension law against a challenge filed by the state firefighter union.
As is his custom, the governor warned of an inevitable economic slowdown.
"California has faced ten recessions since World War II and we must prepare for the eleventh", Brown wrote in his budget letter to the state legislature. "Let's not blow it now".
Mr. Brown has been preaching frugality for years - he kicked off one past budget talk with Aesop's fable about the thrifty ant and the lazy grasshopper. While Brown notes that the $35 billion so-called Wall of Debt identified in 2011 has been knocked down to $6 billion, there are $275 billion in other liabilities. His total general fund proposal spends $131.7 billion, plus an additional $59 billion in special funds and bonds used for specific purposes.
Brown's estimates are contained in the budget he proposed for the fiscal year beginning July 1, and fall short of some past state projections that legalized cannabis could eventually bring $1 billion annually to the state's coffers. Both houses of the California legislature are controlled by Democrats.
"In the 1960s, we spent over 20 percent of state revenue on infrastructure", Obernolte said. "Taxpayers work hard for their income - we should work just as hard to protect it". The highs and lows of any given economic cycle could compress on the state's infamous unpredictable tax revenues.More news: 'Thor: Ragnarok' DVD, Blu-Ray Release Dates Revealed; Special Features Announced
Brown also expressed concerns that the new federal tax bill would hit high-end taxpayers in California and tempt them to leave the state.
"The good news is that California now has a substantial budget surplus", said Assemblyman Jay Obernolte, R-Hesperia, vice-chairman of the Assembly Budget Committee. The shifts could seriously crimp collections in high-tax states such as California.
Brown's budget plan would also spend an additional $59 million in bonds and special funds, which are revenue sources dedicated to specific purposes, including taxes from marijuana sales that began January 1.
Two other states have already introduced options similar to Gov. In a news release, Brown said full implementation of the LCFF, which was enacted in 2013 to increase support for the state's neediest students and allow school districts to have more flexibility over how money is spent in schools, is two years ahead of schedule.
Democratic legislative leaders applauded Brown's proposal.
Responding to a question on how the governorship has changed over the 40-plus years Brown served his four terms as governor, he began by saying, there is more money circulating now.
"One thing governors don't like is to be presiding over a hemorrhaging budget because people do blame them", Mr.
"Whether that investment manifests as paying down pension obligations, continuing to combat the housing crisis or saving more in the rainy day fund, it is crucial that we use this opportunity to help solidify our state's financially solvent future", he said.