*California gets huge revenue boost

The $6.6-billion windfall is way higher than had been projected, with next year's deficit now running $9.6 billion. Gov. Jerry Brown is revising his budget plan to accommodate those savings, but he still wants an extension of income, sales and vehicle taxes - not an easy political prospect at this point. From the LAT:

Lawmakers are required by law to divert a substantial portion of any revenue spike to schools, unless they suspend the state funding formula, which Brown is not proposing. The governor's plan calls for use of the remaining extra revenue to scale back his proposed tax increases and to restore a state program that provides tax credits to businesses that hire workers from blighted neighborhoods, among other things.

The revised budget plan calls for a $3 billion increase in education spending. From the Mercury News:

School districts, which must submit a balanced budget by June 30, are gnashing teeth over the vague and varying estimates of how much revenue they'll have for the coming school year. "We're six weeks away from having to submit a budget and we don't know if we're cutting $9 or $16 or $20 million," said Superintendent Steve Stavis, whose Santa Clara Unified School District has a $120 million operating budget. "What kind of business would operate this way? It's pathetic."

*Brown had some good lines at this morning's press briefing. Among them:

"I've given you the blueprint and now the other architects will screw it up."

Here's a summary of Brown's revised budget proposal.