Governor Jerry Brown launched this week the great mission of his first year in office, perhaps his first term... and it's going to be quite a ride.

On this week's Capital Notes Podcast, we take our first look at the governor's budget -- and perhaps more importantly, the politics of the proposal.

As Anthony York of the Los Angeles Times and I discuss, Brown seems intent on a budget debate that gives a lot of potentially unhappy groups a vested interest in seeing it succeed.

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9:15 a.m. Update: A smart -- and well connected -- podcast listener writes in to say that, yes, the extension of the lower-than-it-used-to-be dependent tax credit (which is therefore a tax increase) is part of what the governor hopes to place on a June ballot.