California budget will be balanced and on time: Democrats accept governor’s conservative revenue projection

Freshman Assemblyman Kevin Mullin, D-South San Francisco, will help the state adopt a balanced budget at its earliest date since 1986 if the Legislature approves Gov. Jerry Brown’s $96.4 billion spending plan Friday.

Brown announced a compromise yesterday that anticipates $3.2 billion less in revenue than the state Legislative Analyst’s Office projects.

“This budget takes some very positive steps for the state of California. Even though we did the fiscally responsible thing and went with the governor’s lower revenue estimates and left a significant reserve, we were able to do some very positive things,” Mullin wrote the Daily Journal in an email yesterday after Brown announced the budget compromise at a Sacramento press conference.