California Gov. Jerry Brown and then-Speaker of the Assembly John Pérez speak to an Assembly committee to promote the plan to create a rainy-day fund. Voters later approved a ballot measure, yet now the administrative interpretation of the law could change the amount set aside by billions of dollars.
California Gov. Jerry Brown and then-Speaker of the Assembly John Pérez speak to an Assembly committee to promote the plan to create a rainy-day fund. Voters later approved a ballot measure, yet now the administrative interpretation of the law could change the amount set aside by billions of dollars. José Luis Villegas Sacramento Bee file
California Gov. Jerry Brown and then-Speaker of the Assembly John Pérez speak to an Assembly committee to promote the plan to create a rainy-day fund. Voters later approved a ballot measure, yet now the administrative interpretation of the law could change the amount set aside by billions of dollars. José Luis Villegas Sacramento Bee file

California ready to cope with rainy-day budget fund

January 02, 2015 6:47 PM

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