Don't expect Gov. Jerry Brown to lose much sleep over the Citizens Compensation Commission's decision to slash his salary by $8,699.
"I'd run for governor whether it was a paid job or not," he said today. "I derive a lot of psychic income."
The seven-member panel, which sets pay levels for legislators and constitutional officers, voted 5-1 today to reduce pay for the elected officials by 5 percent. It will take effect in December.
Democratic governor, who currently makes $173,987, said he didn't think it was his place to weigh in on the commission's action.
"They're independent and people voted as they saw it," he said.
He likened the cut to his proposal to reduce state employee payroll costs by 5 percent.
"This is tough times for California and we're proposing some very difficult cuts," Brown said. "They come in many different forms. Some people like and some people won't like."
While he may value the intangible benefits of the job, Brown also has other income streams to rely on. His 2012 financial disclosure form includes six interests valued at between $100,001 and $1 million and he is eligible to receive a pension based on previous stints as governor, attorney general and secretary of state. During his 2010 gubernatorial bid, his campaign said he would receive an annual pension of $79,536 if he retired the following year.