You won’t hear Gov. Jerry Brown adding his voice to the political boasting about California’s economy. When he unveiled a revised state budget in May, he was very cautious about the state’s economic future – noting, for one thing, that income-tax revenue has been falling short of previous projections. “Moreover,” he warned legislators, “by the time the budget is enacted in June, the economy will have finished its eighth year of expansion – only two years shorter than the longest recovery since World War II. A recession at some point is inevitable.”
You won’t hear Gov. Jerry Brown adding his voice to the political boasting about California’s economy. When he unveiled a revised state budget in May, he was very cautious about the state’s economic future – noting, for one thing, that income-tax revenue has been falling short of previous projections. “Moreover,” he warned legislators, “by the time the budget is enacted in June, the economy will have finished its eighth year of expansion – only two years shorter than the longest recovery since World War II. A recession at some point is inevitable.” Damian Dovarganes Associated Press
You won’t hear Gov. Jerry Brown adding his voice to the political boasting about California’s economy. When he unveiled a revised state budget in May, he was very cautious about the state’s economic future – noting, for one thing, that income-tax revenue has been falling short of previous projections. “Moreover,” he warned legislators, “by the time the budget is enacted in June, the economy will have finished its eighth year of expansion – only two years shorter than the longest recovery since World War II. A recession at some point is inevitable.” Damian Dovarganes Associated Press
Political Notebook

Political Notebook

Breaking news, insight on the Valley's political movers and shakers

California’s economy booms, but a slowdown looms

August 06, 2017 12:01 AM

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Breaking news and insight from Bee reporters on the central San Joaquin Valley's lawmakers, movers and shakers. 'Round election time, this place really heats up.