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Jerry Brown: California's deficit is gone

Source: San Francisco Chronicle

For the first time in five years, California is not facing a deficit as Gov. Jerry Brown and lawmakers work to put together a spending plan for the next fiscal year.

Brown released his budget Thursday morning for the 2013-2014 fiscal year, proposing a $97.7 billion plan that is 5 percent higher than the current year's spending.

"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," the governor wrote in his budget message to the Legislature, saying voters made this possible by approving Proposition 30.

The plan increases funds for K-12 schools, and districts "serving those students who have the greatest challenges will receive more generous increases - so that all students in California have the opportunity to succeed," the governor wrote.

Read more: http://www.sfgate.com/bayarea/article/Jerry-B...