Mac Taylor the influential legislative analyst has guarded optimism about Gov. Jerry Brown's budget. While biased toward the downside, California Democrats in the legislature would do well to heed his advice this time. He sees (and I concur) a lot of volatility due to outside forces (Washington DC and the fiscal cliff) and our tax code.
If Dems want revenue, they should go bold on stabilizing our revenue base. I think that would be a smart move politically and might actually achieve some revenue enhancements with little political cost.
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