Perspective
May 20, 2014
Forecast for rainy-day fund: cloudy
The speed with which Gov. Brown and legislative leaders announced the recent agreement on a new rainy-day fund measure caught observers in Sacramento by surprise. By Jeff Cummins
The speed with which Gov. Jerry Brown and legislative leaders announced the recent agreement on a new rainy-day fund measure caught observers in Sacramento by surprise. The state Legislature approved the measure Thursday to be on the November ballot.
Although an agreement was eventually likely, negotiations were not expected to go this smoothly, particularly because Democrats lost their two-thirds majority in both houses of the Legislat...
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