Well, what makes it different is we have no deficit due to years of budget cuts and due to the new tax revenues were realizing from voters approval of proposition 30 in november and essentially as he said, this is a breakthrough. Its not without risks. He was careful to caution. Its only january. This is only the start of the budget process. We all mull it over see how the numbers develop. He puts out his may revision then the Legislature Starts fight over it and hopefully we have a document enacted by the end of june. Were only at the very beginning. There are a lot of risks along the way. Theres a federal deficit that needs to be contended with that can have a lot of impact on the way the state gets and spends its money. The economic recovery is still sort of slow and struggling upward and any reversal on that could spell a change in our state revenues. The federal government or the courts could have a problem with some of the proposed budget cuts that we have made or want to make. I
Captioning by vie dak underwritten by firemans fund. Good evening. Welcome to this week in northern california. Joining me for insight and analysis of news from the week are jill tucker, San Francisco chronicle education reporter. David baker, Energy Reporter also with the chronicle. Josh richman, Bay Area News Group politics reporter, and karen said, San Francisco chronicle business reporter. Richmond may become the first city to use Eminent Domain to combat foreclosure programs offering to buy underwater mortgages and help refinancing with homes. If they refuse, the city is threatening to seize the workaging anyway. Filing a lawsuit to block the move while investors on wall street are watching closely. Carolyn, how would this plan work and why is there such strong opposition to it . You just said, richmond is threatening to become the first in the country to exercise its power of Eminent Domain in a radical plan. Richmond and the private partner, a forprost Investment Firm that its p
Good evening and welcome to kqed newsroom. Im thuy vu. In his state of the state speech this week, governor jerry brown praised the huge Budget Surplus but also expressed concern for californias longterm pension liabilities and the drought. And we must follow the ancient advice recounted in the book of genesis that joseph gave to the pharaoh put away your surplus. During the years of great play so that youll be ready for the lower years which is soon to follow. One of jerry browns critics is Neel Kashkari, a moderate republican who entered the race for governor this week. Im running for governor because i want every kid in california to get a quality education, and i want every californian to get a chance for a goodpaying job. And joining me now for analysis of the Political Landscape in california are carl marinucci, San Francisco chronicle senior political writer, josh richman, Bay Area News Group politics reporter, and scott detrow, kqeds Sacramento Bureau chief, joining us from the
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