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Podcasts Take Two
Gov. Brown readies updated budget with $4.5 billion in new revenue
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May 14, 2013
Listen • 4:53
Gov. Brown readies updated budget with $4.5 billion in new revenue
Well it's a rite of spring here in California, Governor Jerry Brown releases his May revised budget. For the first time in seven years there's no red ink. In fact, the Governor is dealing with an unexpected $4.5 billion in tax revenue.
California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles, California. Brown unveiled what he called "sweeping" pension reforms that cap benefits, boost the retirement age, prevent abusive practices such as "spiking" and require new state employees to pay at least half their pension costs.
California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles, California.
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Well it's a rite of spring here in California, Governor Jerry Brown releases his May revised budget. For the first time in seven years there's no red ink. In fact, the Governor is dealing with an unexpected $4.5 billion in tax revenue.

Well it's a rite of spring here in California, Governor Jerry Brown releases his May revised budget today. For the first time in seven years there's no red ink. In fact, the Governor is dealing with an unexpected additional $4.5 billion in tax revenue. How will he spend that money?

Here with a preview of the proposal is John Myers, political editor for the ABC affiliate in Sacramento.