By Dan Walters

Fourteen years ago, the governor of California solemnly pledged not to squander a $12.3 billion revenue windfall on unsustainable tax cuts or spending.

“I intend to resist the siren song of permanent spending whether it comes from the left or the right,” Gray Davis told reporters. “And I will stand up to anyone who tries to convince the Legislature that they should spend most or all of this money in ongoing expenses.”

via Brown wants to avoid past errors in state budgeting Daily Republic.