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La California sta affrontando una significativa riduzione del surplus di bilancio, ora stimato in soli 2,2 miliardi di dollari, ben al di sotto dei 6 miliardi previsti. Le cause principali includono un calo delle entrate fiscali e l'instabilità del mercato azionario, con ripercussioni sulle spese statali.

SACRAMENTO (CBS13) — California’s supposed budget surplus is shrinking. The state’s Legislative Analyst’s Office now says the budget surplus is only $2.2 billion instead of the $6 billion Gov. Jerry Brown predicted. The reason for the drop is because the LAO says the state’s income tax revenue is $2 billion less than expected. The LAO is blaming a “further weakening of the stock market” while Brown is blaming the lack of a federal budget deal. “It’s a very fragile (state of) balance,” said Brown at a news conference in Sacramento on Thursday. “The federal government is mired in a kind of stalemate and the income tax is down.” The LAO says spending is down, but it’s still not enough. “While California’s economy has grown and state revenues have increased, state spending has not kept pace,” said LAO chief Mac Taylor in a statement. Brown is trying to convince Republicans to approve his plan to put more money away for a rainy day fund. “The problem is the Republican Party,” Brown said. “They don’t want to agree to the modest reserve that I’m proposing.” Brown says he’s willing to negotiate but won’t budge on his proposal. “It’s not going to be more than the $1.6 billion I’m proposing for the rainy day fund,” he said. Brown and the LAO agree that things could get worse. “Revenues could fall further and the state could face a deficit next year,” Taylor said. The governor’s revised budget proposal is due to be released in May.