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Brown With Surplus Proclaims California’s Crisis Is Over

Governor Jerry Brown declared an end to California’s chronic fiscal crisis, projecting the first surplus in a decade thanks to spending cuts and $6 billion in new taxes approved by voters in the most populous U.S. state.

Brown’s budget predicts an $851 million surplus for the fiscal year that begins July 1. The blueprint, including a $1 billion reserve, increases general-fund spending by 5 percent to $97.6 billion. Schools will get an additional $2.7 billion.