Governor Brown Vetos California Budget
by Victoria Majors Jones, CPA on 06/16/11
Less than 24 hours after the budget was presented to Governor Brown by the Legislature, he vetoed it. The governor stated "Unfortunately, the budget I have received is not a balanced solution. It continues big deficits for years to come and adds billions of dollars of new debt. It also contains legally questionable maneuvers, costly borrowing and unrealistic savings."
The veto is not surprising, as it has been said that the budget was thrown together so the Legislature could continue to be paid. An amendment to the state constitution approved by voters in November prevents lawmakers from getting paid unless they pass a balanced budget by a June 15 deadline. However, it's not clear whether the law requires the budget to be signed by the governor for the Legislature to continue getting their paychecks.