SACRAMENTO, Calif. (AP) — California's independent Legislative Analyst's Office is giving a generally positive grade to Gov. Jerry Brown's spending proposal for the coming fiscal year.
In a report released Monday, Legislative Analyst Mac Taylor says if the Legislature adopted Brown's plan, California would continue its fiscal progress and be on "stronger fiscal footing."
Brown's budget forecasts a $106.8 billion general fund as the state emerges from recession. The Democratic governor wants to boost K-12 funding by nearly $4 billion and spend $11 billion paying down debts.
The LAO says that approach is prudent. Taylor also recommends the state set aside some money for the $80 billion in unfunded liabilities from the state's teachers retirement fund.
Taylor says there is a "significant possibility" California will see billions more in new revenue by May.
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