*New California budget being hatched?

Gov. Jerry Brown and Democratic lawmakers are working on a revised plan that would assume an additional $4 billion in 2011-12 revenues, based on better-than-expected sales tax figures for May. If the money doesn't materialize, reports Capitol Alert, the state would go ahead with cuts to education and other programs.

The trigger cuts would replace some of the most dubious solutions in the previous Democratic budget, such as selling state buildings and imposing a quarter-cent local sales tax on a majority vote, according to sources unwilling to be named. If revenues fall short, cuts would hit K-12 schools and higher education, public safety programs and In-Home Supportive Services. A floor vote could take place as soon as Tuesday, sources said.

The new proposal could be passed by majority vote and bypass Republican efforts to kill a ballot measure this fall to extend taxes. Impossible to know how real this latest plan might be, but Senate President Pro Tem Darrell Steinberg and Assembly Speaker John PĂ©rez did meet with Brown today.

*Update: Brown said this afternoon that he was abandoning hopes of a bipartisan budget deal on taxes. A vote on the revised plan is scheduled for as early as Tuesday. (LAT)

**Some details from Capitol Alert.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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