Rich Pedroncelli / The Associated Press

Gov. Jerry Brown points to a chart showing the volatility of capital-gains revenues as he unveils his proposed 2014-15 state budget Thursday in Sacramento.<137> Calif., Thursday Jan. 9, 2014. A robust economic recovery and surging revenue propelled by voter-approved tax increases has sent California's general fund spending to a record high, marking a dramatic turn-around for the state. With the an increase in tax receipts, Brown is proposing a spending plan that includes a 8.5 percent increase in general fund spending coupled with a dedication to pay down the state's debt by more than $11 billion.(AP Photo/Rich Pedroncelli)<137>

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  • By the numbers

    California’s carbon auction market had a promising first year, according to the Environmental Defense Fund. The cap-and-trade program allows industry to purchase carbon allowances. The “cap” refers to an overall ceiling on emissions (that lowers over time), with companies able to obtain a finite number of permits that together fall below that limit. California sold 142 different entities the total available stock of allowances for 2013 – some 117 million, the report found. That added up to a $1.37 billion surge of revenue.

    – Jeremy B. White

The Buzz: State budget leak scrambles Brown’s careful rollout plan

Published: Friday, Jan. 10, 2014 - 12:00 am

State budget leak scrambles

Brown’s careful rollout plan

The news media rejoiced when digital copies of Gov. Jerry Brown’s proposed spending plan leaked Wednesday afternoon, allowing The Bee and some others to read the document and write stories.

It also pushed up the governor’s traditional budget presentation by 24 hours.

Not everyone was happy about the circumstances. Brown’s press shop scrambled to reschedule events in Sacramento, San Diego and Los Angeles. And Michael Cohen, Brown’s new finance director, was hit with some unexpected news.

Cohen’s parents had booked a flight for Thursday, and couldn’t move it back a day to see their son preside over his first state budget as the governor’s chief fiscal policy adviser.

Cohen was appointed to the job in September, taking over for Ana Matosantos.

Brown’s spokesman, Evan Westrup, had this to say about the leak: “I think it speaks for itself, but regardless we’re ready to roll.”

As for where the leak came from?

“That’s a good question,” he said. “If you find out, let us know.”

– Christopher Cadelago



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