SAN FRANCISCO — California Gov. Jerry Brown's new budget proposes about $5 billion of general obligation bond sales this year, an increase of 18% from last year, when the state borrowed relatively little.

The increase seems small, especially considering the state sold $10.4 billion of GOs in 2010 and $20.5 billion in 2009, according to the treasurer's office, but it is not very far off the state's average over the last decade.

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