By Miriam Raftery

January 11, 2015 (Sacramento)—Governor Jerry Brown has unveiled his proposed $164.7 billion budget for the 2015-2016 fiscal year(including $113.3 billion in general funds), drawing mixed reactions from around the state following several months of healthy revenue growth.   Seeking a fiscally prudent path, the Governor aims to pay down long-term debts and boost California’s rainy day fund for budget reserves by $2.8 billion.