Championing what he calls "prudence, not exuberance," Governor Jerry Brown on Tuesday rolled out the annual "May Revise" of his proposed California state budget. How's it playing? Oh, and what's the play?
Brown's plans to match his big budget cuts with new revenues were already somewhat complicated by heiress Molly Munger's rival income-tax-hike-for-the-schools initiative. But a much bigger threat emerged in dramatic fashion late last week.