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Health cuts in Brown's budget prompts protest

California Gov. Jerry Brown at the 2011 State of the State address.

January 10, 2012 12:00:00 AM PST
Cuts to Health and Human Services in Gov. Jerry Brown's recently released budget are prompting a protest in downtown Los Angeles on Tuesday afternoon.

Meanwhile, a new report suggests the governor's proposed tax increase may not bring in as much new money as he has been projecting. A new nonpartisan study says the tax increase would only raise about $4.8 billion in the first budget cycle.

The governor had projected a $6.9 billion increase in funds. Volatility in capital markets is the reason given for the difference in projections.