Last week, Gov. Jerry Brown delivered the keynote address at a sustainability summit hosted by the Los Angeles Business Council. While the summit focused on California’s environmental, energy and water policy, we have to wonder whether the governor will exert the same effort in support of fiscal sustainability now that he has called a special session to deal with California’s spending limit.
While a rainy day fund measure has been slated for every ballot since 2010, it has been repeatedly moved back by the majority in the Legislature who fear it would prevent them from spending every last nickel when revenue to state government expands. Brown wants to tinker with the language, and to his credit, move forward to allow the voters to have the final say. Continue reading