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"Plan C" Budget is Sent to the Governor: 'Triggered" Reductions May be Necessary if Revenues Fail to Materialize
Late last night the Assembly and the Senate Democrats successfully passed the State Budget, SB 87, with a solid majority vote – using the powers that the voters bestowed on them when they enacted Proposition 25 (majority vote Budget) in November of 2010. Over the last several weeks, when talks broke down with a group of Republican Senators, known as the “GOP 4,” over extending the current taxes that were set to expire on June 30th, the Democrats and the Governor worked to craft an alternative Budget, known as “Plan C.”
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