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Brown releases revised budget plan with $6.6-billion windfall

May 16, 2011 10:18:00 PM - latimes.com
Increased revenue from taxes on the wealthy would be used for schools and business tax credits. Brown says some tax hikes are still needed to wipe out the state's red ink, but GOP lawmakers disagree.

State revenue has rocketed to a projected $6.6 billion beyond expectations, a windfall that Gov. Jerry Brown wants to use to stabilize education spending and help repair California's battered finances.

USA, California: (Latest Stories)