Legislative Analyst: California Will Have $2.8 Billion Surplus Next Year

SACRAMENTO, Calif. (AP) – California’s nonpartisan legislative analyst said Wednesday he’s forecasting a $2.8 billion budget surplus next year and says California should be able to weather a mild recession without major budget cuts or tax increases over the next four years.
Legislative analyst Mac Taylor’s annual budget outlook sets the stage for negotiations that begin in January when Democratic Gov. Jerry Brown releases his proposed spending plan.
Taylor’s office