California budget surges to record high as tax revenue soars; Brown pledges to pay down debts

  • by: JULIET WILLIAMS , Associated Press
  • Updated: January 9, 2014 - 4:00 PM

SACRAMENTO, Calif. — A robust economic recovery and surging revenue propelled by voter-approved tax increases have sent California's general fund spending to a record high, marking a dramatic turn-around from the state's days as the nation's poster child of fiscal dysfunction.

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