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Brown Boosts California Budget Proposal to $107.8 Billion

May 13 (Bloomberg) -- California Governor Jerry Brown, buoyed by surging revenue from higher taxes and a recovering economy, boosted his proposed budget for the most populous U.S. state to $107.8 billion for the fiscal year that begins in July.

The amount is about $1 billion more than planned in January by Brown, a 76-year-old Democrat seeking an unprecedented fourth term. The governor is required by law to update his proposal with the latest tax collection figures before it’s considered by lawmakers next month.

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