Brown’s Revised May Budget Reflects Caution

California Gov. Jerry Brown’s revised two-year budget plan released Friday reflects conservative changes, but no immediate cuts, to help the state weather lower tax revenues.
Brown said the state needs to prepare for a recession and avoid major spending, citing already flattening tax receipts.
“I’m going to be pretty resolute on this budget,” the governor said during a press conference in Sacramento. “We need reserves.”
While the state does not need to make premature cuts, Brown said it will be ready to do so if needed. Read more.