Calif. budget deficit shrinks to $1.9B with taxes

From KCRA:

SACRAMENTO, Calif. —

The 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.

The Legislative Analyst’s Office on Wednesday released a positive but cautious forecast for the state, a week after Californians approved Gov. Jerry Brown’s sales and income tax initiative.

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