What does a $15.7 billion state defecit mean for Solano County? Local leaders says they haven't had enough time to determine what will happen specifically, according to The Reporter.
On the state level, the San Francisco Chronicle reports Gov. Jerry Brown is proposing a 4-day work week for state workers. He is also figuring in to his budget projections that voters will approve his sales and income tax increases in November.
The governor said the deficit would produce real austerity in the state. At a press conference (video attached), the governor said if voters do not approve the tax hikes, schools and universities would suffer more than they have already.
The governor said his proposal to hike income taxes on those Californians in the top three percent of incomes was "fair" because that's where incomes have been rising for a variety of factors.
What do you think? Can California get out of its hole using the governor's plan? Will you vote in favor of taxes to help fund schools and universities throughout the state? Where would you make the cuts if it was up to you?