Live chat: Breaking down Gov. Jerry Brown's budget high-wire act
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.
Feel free to submit questions below.