The Legislature's nonpartisan fiscal analyst on Tuesday called Gov. Jerry Brown's new budget a "prudent" spending plan, while noting that the proposal might underestimate state revenue by up to billions of dollars through June.
The review follows Friday's release of a $113.3 billion state general fund proposal that includes paying down long-term debt and increasing budget reserves, while restoring few recession-era spending cuts to social services.
"The governor's budgeting philosophy continues to be a prudent one for the most part," the Legislative Analyst's Office said in its overview of the governor's budget for the fiscal year that begins July 1.
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