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Brown proposes budget with rosier outlook

  • Gov. Jerry Brown points to a chart showing an increase in education funding in his proposed 2013-14 state budget that he unveiled at the Capitol in Sacramento, Calif., Thursday, Jan. 10, 2013. Brown is proposing to spend $2.7 billion more on K-12 education for the next fiscal year. (AP Photo/Rich Pedroncelli)

SACRAMENTO — Riding a wave of new tax revenue, California's spending plan for the coming fiscal year will rise by nearly $5 billion, a powerful indication that the state that came to symbolize fiscal mismanagement during the heart of the recession is emerging into brighter days.

Gov. Jerry Brown on Thursday proposed a $97.6 billion general fund budget for the 2013-14 fiscal year that wipes out years of deficits and even includes a modest surplus.

The additional revenue hiked the spending plan by 5 percent over the current year and helps the governor pour more money into public schools and universities.

The state's budget shortfall stood at $25 billion when Brown took office two years ago.

"California today is poised to achieve something that has eluded us for more than a decade — a budget that lives within its means, now and for many years to come," Brown said during a news conference at the Capitol.


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