ALAMEDA, Calif. — California Gov. Jerry Brown said Wednesday that he’s killing the state’s plan to sell 11 state office buildings to private investors and lease them back.

The deal would have brought in $1.2 billion in one-time money to help balance this year’s budget. It would also have triggered the redemption or defeasance of $1 billion of tax-exempt lease-revenue debt issued in connection with the buildings’ original financing. 

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