deficit http://kvpr.org en State Analyst: CA Budget Deficit Drops to $1.9 Billion http://kvpr.org/post/state-analyst-ca-budget-deficit-drops-19-billion <p></p><p>California’s once-enormous budget deficit has shrunk to just under $2 billion, and the state could soon have a surplus.&nbsp; But Mac Taylor, California’s non-partisan legislative analyst is urging caution as state finances improve.</p><p>Not long ago, California hit rock bottom, with a massive budget deficit.&nbsp;</p><p>Nearly four years ago Governor Arnold Schwarzenegger told a crowd, “the $42 billion deficit is a rock upon our chest that we cannot breathe until we get it off.”&nbsp;</p> Thu, 15 Nov 2012 01:13:00 +0000 Ben Adler 6935 at http://kvpr.org State Analyst: CA Budget Deficit Drops to $1.9 Billion