Live chat: Breaking down Gov. Jerry Brown’s budget high-wire act

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Times Sacramento bureau reporters Chris Megerian and Anthony York will be discussing Gov. Jerry Brown’s budget and the state’s financial crisis in a Google + Hangout right here on PolitiCal at 1:30 p.m.

Megerian wrote Tuesday morning about the challenges facing Brown’s budget plans:

Gov. Jerry Brown has bet a portion of California’s financial health on the expectation that a hyperpartisan Congress will change course on a hotly debated tax policy this year.

The budget Brown signed last week assumes that over the next four years the state will reap almost $2.3 billion from the federal estate tax, a levy on wealth inheritance. California hasn’t collected any revenue from the tax since 2004, and if Congress sticks with current policy it won’t in the coming years, either.

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