California governor proposes record $115.3 billion budget

FILE - In this May 6, 2015 file photo, Gov. Jerry Brown speaks at the Association of California Water Agencies conference in Sacramento, Calif. Brown is expected to maintain a slow-growth approach for California when he updates his spending plan Thursday, May 14, 2015, while responding to pressure from fellow Democrats seeking to close the income gap by offering a $380 million-a-year proposal to create tax credit for the working poor. (AP Photo/Rich Pedroncelli, File)

By Associated Press May 14, 2015 1 min read

SACRAMENTO, Calif. (AP) – Gov. Jerry Brown is proposing a record $115.3 billion California spending plan that will send more money to public schools, set aside reserves and create a new state tax credit for the working poor.

The Democratic governor revised his January budget proposal upward Thursday to reflect $6.7 billion in new revenue that has come in since then.

He also responded to criticism that he hasn’t done enough to help California’s poor by proposing a $380 million income tax credit.

By law, the state must spend most of the surplus on public schools and filling California’s rainy day account.

Brown’s fellow Democrats and advocates want more money for child care, health care and social programs.