In California Budget, Some See A Year Of Magical ThinkingDuring his State of the State address in January, Gov. Jerry Brown acknowledged California's deep financial hole but also expressed faith in the state's ability to rebound and surprise its doubters.
Brown Signs Rare On-Time California BudgetGov. Jerry Brown has signed a rare on-time budget a day before the start of California’s fiscal year, a package that is a combination of spending cuts, fee hikes and the promise of higher tax revenue that might never materialize.

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