Gov. Jerry Brown on Thursday unveiled his $106.8 billion general fund budget proposal for the 2014-2015 year, saying it is "very good news." [Read the governor's news release and full budget summary.]
The governor told reporters that the budget would provide an additional "$10 billion for the schools of California after years of drought, cuts, and pink slips for teachers."
CTA President Dean E. Vogel praised the governor for the new spending plan, saying: "The governor's proposed budget will help our public schools and colleges continue to heal after years of devastating cuts."
The governor said his administration is convening meetings of stakeholders to address the issue of maintaining the financial stability of the California State Teachers' Retirement System. Read more about CalSTRS's unfunded liability.
The release of the budget proposal is the first step in a long process that ends in the adoption and signing of a state spending plan before the July 1 start of the 2014-15 budget year.