California braces for pay hikes amid record surplus
Sacramento reports a projected $458.7 million budget surplus for next year, due to welfare reform savings and stronger revenues. Gov. Reagan plans $440 million in tax relief and school funding, with $240 million tied to federal revenue sharing. Civil service and UC salary adjustments totalling $45 million are outlined, plus targeted raises for faculty and nonteaching staff.
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Assembly backs Moretti tax relief school fund plan
Sacramento California Republicans and Democrats narrowly approve Speaker Bob Moretti’s 931 million property tax relief and school finance plan with 14 GOP votes. The measure hikes income taxes for some and expands exemptions, while boosting sales and bank taxes and funding for school aid and the Williamson Act.
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