PolitiCal
On politics in the Golden State
November 10, 2011 | 3:48 pm

Gov. Jerry Brown said Thursday that plummeting state revenues probably portend deeper budget cuts next year, but that it was too early to tell whether that meant additional spending reductions would be necessary before the end of the current fiscal year.

“Definitely, we have a problem,” Brown said in an interview with The Times editorial board. “We will be making some tough choices come January,” when the new budget is released.

State revenues have fallen $1.5 billion short of forecasts during the first four months of the fiscal year, while state spending is $1.7 billion above projected levels, the state controller’s office reported Thursday.

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