After Raising Taxes, California Expects Budget Surplus In 2013

From ThinkProgress Fri Jan 11 2013, 10:35:03

Since the Great Recession, California has epitomized the fiscal problems facing states. Its economy was ravaged by the housing crisis, and its budget gaps swelled into the tens of billions of dollars. Even before the recession, the state often struggled to balance its budget, hamstrung by legislative rules that made it nearly impossible to increase [...]

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