PolitiCal
On politics in the Golden State
January 9, 2012 | 3:44 pm

Gov. Jerry Brown’s tax measure could bring in billions less than what the governor is counting on, according to a new analysis from the nonpartisan state legislative analyst.

Brown, who hopes to put a measure before voters to temporarily increase levies on upper earners and hike the state sales tax, says his initiative would generate nearly $6.9 billion annually over the next five years to help close the state’s budget deficit. But the Legislative Analyst’s Office says the plan would bring in only $4.8 billion in the 2012-13 budget year and about $5.5 billion in following years.

The wide discrepancy is the latest split over numbers between the administration and the Legislative Analyst’s Office. Last November, the Legislative Analyst’s Office released a revised estimate for the state’s current budget picture. Less than a month later, Brown’s department of finance came back with estimates that were $1.5 billion higher than the Legislative Analyst’s Office numbers.

To read entire story, click here.