SACRAMENTO AND SAN FRANCISCO. Wed, June 29, 2011 5: 27 am EDT
SACRAMENTO and SAN FRANCISCO (Reuters) - California is taking a first step shedding his reputation for fiscal mediocrity, adopting a budget in time for the first time in years.
If a compromise is something that no one likes, California reached a: Governor Jerry Brown, political parties and even investors have much to complain in the expenditure plan.
But the bottom line is that Government of the State of the has Golden with a budget of smaller holes that usual in place before its fiscal year begins on Friday. A bonus is important that the State's economy improves, especially for the rich, who pays his main source of income, the income tax.
Voters using the discredited initiative process can claim that they define the circumstances in progress.
Proposal 25 adopted last November, allowing the legislature to enact a budget non-hausse of taxes by a simple majority, which the Democrats were in the two chambers.
Who robbed Republican minority in the legislature for its ability to take any hostage the budget, leaving them with a right of veto on these increases, that they used.
A mixture of consternation and the satisfaction of all sides, the budget avoids these increases, is balanced if the economy improves and will force even deeper cuts in popular programs fail to state economic hopes. And it is ready before the start of the new fiscal year.
Many attribute the success of a simple change of 25 Prop: it cut the pay of the legislators when they do not have to pass a budget balanced within mid-June.
"You must feel that the public received a special thrill and reaction, it has caused," said the Poll chief Mark DiCamillo field. Californians did not only cuts of the magnitude in the budget, but they did not want higher taxes, either.
"They wanted something for nothing, and that they will get the part"for nothing"," DiCamillo said.
The budget pending closure of Brown signature failure of 10 billion dollars about spending cuts, fee, a few timely shots and, especially, with 4 billion $ in better than expected earnings.
STEP OF GUARANTEES
Critics say leaders will be decline to make the cuts so hard income fails to materialize the school.
"It happened so often,", said Mayor Chuck Reed of San José, the third largest city in California.
"Everything seemed very convenient reach with $ 4 billion", said Jay Goldstone, chief operating officer of the second largest city of California, San Diego. "I do not see this kind of improvement that generates this kind of money.".
The Government of the State began this year with a deficit of more than 25 billion dollars. Brown and legislators pared it approximately in half with deep budget spending, other movements and the improvement in earnings before the budget plan.
More big changes at stake in the State, through other initiatives in recent years. Voters have approved redistricting by a Committee headed by citizen who creates many more competitive racing. Primary State will act as the first rounds of the election, so the getters vote two above, any party, will face in the final.
Jack Pitney, Professor of Government at Claremont McKenna College, said that the budget plan did not address the roots for a long time of pain - types of structural changes, the two main parties were requested.
But he predicted that the budget would be popular because it struck a large number of goals of the voters.
"It involves the kind of cuts deep people spoke a few months ago, allows tax increases forfeiture and allows people to hit the beach without having to worry about the budget", he said.
(Editing by Jackie Frank)
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