Tax Hikes, Improving Economy Bode Well For State Budget

California will see a much smaller deficit next year, thanks in part to the passage of Prop. 30, the nonpartisan legislative analyst says.SACRAMENTO — Although a modest deficit will linger into next year, California's finances are poised for marked improvement as the state reaps the benefits of newly approved taxes and the economy continues to recover, the Legislature's top budget advisor said Wednesday.

Topics:  prop   sacramento   california   legislature   tax   economy   state   budget   year   deficit   

 

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