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Governor bolsters Rainy Day Fund in proposed budget
Budget includes increased spending on education, gasoline taxes
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Apropos to the rainy weather in Turlock this week, California Governor Jerry Brown on Tuesday proposed a state budget which will increase California’s Rainy Day Fund to almost $8 billion. The $179.5 billion state budget for the 2017-18 fiscal year is a 5 percent increase from this year, which in turn will eliminate a projected $2 billion deficit. In a letter to the Legislature, Brown referred to the budget as “the most difficult we have faced since 2012,” citing that the surging tide of revenue increases the state has enjoyed over the past few years have turned.
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