California : Next November , California voters will consider taxes raising $ 7 billion in revenue . The almost $ 1 billion in taxes will benefit universities , schools , the elderly and the disabled . The cuts are less than an earlier estimate of up to $ 2.4 billion , the governor says . Next November , California voters will go to the polls to consider taxes that would provide $ 7 billion in additional revenue , Brown said . California earlier this year slashed taxes by $ 16 billion to deal with deficit .
California : Next November , California voters will consider taxes raising $ 7 billion in revenue . The almost $ 1 billion in taxes will benefit universities , schools , the elderly and the disabled . The cuts are less than an earlier estimate of up to $ 2.4 billion , the governor says . California earlier this year slashed taxes by $ 16 billion to deal with deficit .