California Governor Jerry Brown would cut nearly 400 local redevelopment agencies, which use property taxes for construction, redevelopment, and beautification projects. Mayors object.
Governor Jerry Brown might need two-thirds of the California legislature to support $12.5 billion in spending cuts – and that's just the first step towards his balanced budget.
The California state budget accord to be voted on Friday relies on $5 billion in federal money, $10 billion in Wall Street loans, and some pretty big assumptions, say some political observers.
One of the first targets is 200 state parks, already causing a public outcry as summer approaches.
Requirement for two-thirds vote approval gives minority unusual power. The public is weighing in too.
A bond sale this week will test whether private capital can meet California's shortfall.
Amid a budget crisis, the state is under pressure to approve $7 billion more for prison healthcare.
The four measures on the Feb. 5 ballot are being hotly debated. Officials say the state needs the revenue.