California's deficit shrinks to $1.9 billion [View all]

[Hell Hath No Fury]

Source: San Francisco Chronicle

After years of double-digit deficits, California faces just a $1.9 billion budget gap next year, according to the Legislative Analyst's Office.

snip...

The report cites the improving state economy, prior budget cuts and the passage of the Proposition 30 tax measure as the factors for the sharp improvement. By 2014, the state will have a surplus of $1 billion and that will grow to more than $9 billion by 2017, according to the fiscal outlook.

Read more: http://www.sfgate.com/bayarea/article/California-s-deficit-shrinks-to-1-9-billion-4037701.php#ixzz2CEbx7ihq

Read more: http://www.sfgate.com/bayarea/article/California-s-deficit-shrinks-to-1-9-billion-4037701.php

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This is what can happen when you raise taxes -- thank you, fellow Californians!