BILL NUMBER:  AB 428
  VETOED	DATE: 10/10/2015




To the Members of the California State Assembly:

I am returning the following nine bills without my signature:

Assembly Bill 35
Assembly Bill 88
Assembly Bill 99
Assembly Bill 428
Assembly Bill 437
Assembly Bill 515
Assembly Bill 931
Senate Bill 251
Senate Bill 377

Each of these bills creates a new tax credit or expands an existing
tax credit.

Despite strong revenue performance over the past few years, the state'
s budget has remained precariously balanced due to unexpected costs
and the provision of new services. Now, without the extension of the
managed care organization tax that I called for in special session,
next year's budget faces the prospect of over $1 billion in cuts.

Given these financial uncertainties, I cannot support providing
additional tax credits that will make balancing the state's budget
even more difficult. Tax credits, like new spending on programs, need
to be considered comprehensively as part of the budget
deliberations.

Sincerely,



Edmund G. Brown Jr.