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November 15, 2012
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California budget deficit shrinks to $1.9B with taxes

SACRAMENTO — A nonpartisan legislative analyst says California is facing a much smaller deficit of $1.9 billion through the end of the next fiscal year and could even see surpluses over the next few years, prompting a variety of responses across the Nevada County political spectrum. The Legislative Analyst’s Office (LOA) Wednesday released a positive but cautious forecast for the state, a week after Californians approved Gov. Jerry Brown’s sales and income tax initiative, according to the Associated Press. Analyst Mac Taylor says California is at a “promising moment” that could mark the end of a decade of budget deficits. …

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The Union Updated Nov 16, 2012 12:07PM Published Nov 16, 2012 07:48AM Copyright 2012 The Union. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.