Even With Tax, California Faces Chronic Deficits
SACRAMENTO (CBS / AP) -- Even if voters approve Gov. Jerry Brown's proposal for higher taxes this fall, his ballot initiative would be only a partial solution to the state's chronic budget deficits.
California is expected to face shortfalls for the foreseeable future and in some cases the financial pain on Californians will persist.
For example, officials at the University of California are already considering plans to raise tuition by 6 percent this fall.
Cheryl Deutsch, a graduate student at the University of California, Los Angeles, said UC will lose whether the tax initiative passes or fails.
The California State University system hiked tuition by 9 percent for the upcoming year and froze admissions for next spring.
Brown admits his tax hike is no panacea and is leaning on Democrats to make more cuts.
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