A recent poll indicates that a majority of Californians are generally satisfied with Gov. Jerry Brown’s plan to reduce the state’s $25 billion budget shortfall, Bond Buyer reports.
Brown’s proposal outlines a combination of tax extensions and budget cuts that would lower state spending to $84.6 billion in FY 2012, down from about $92.2 billion in FY 2011. For the plan to take effect, voters would have to approve a five-year extension of temporary sales, income and vehicle taxes due to expire at the end of June.
About 54% of voters said they would vote for the tax extensions. Two-thirds were in favour of putting the proposal on a special election ballot. California lawmakers need to approve the special election before the end of March.
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