Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • topics
    • State Government
    • Environment
    • Health Care
    • Race and Equity
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
  • Music
    • genres
    • Classical
    • Jazz
    • Eclectic
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight With Vicki Gonzalez
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

After Years of Deficits, Budget Surpluses Projected for California

  •  Ben Adler 
Wednesday, November 20, 2013 | Sacramento, CA
Listen
/
Update RequiredTo play audio, update browser or Flash plugin.
CPR photo/Ben Adler

California's non-partisan Legislative Analyst, Mac Taylor, discusses the state's fiscal outlook at a news conference in Sacramento Wednesday.

CPR photo/Ben Adler

Legislative Analyst Mac Taylor says a budget that less than three years ago had a $26 billion dollar deficit is now headed for a $2 billion surplus.  That’s on top of an extra $3 billion in extra revenue earmarked directly for schools and community colleges.

But Taylor is still urging caution.  “The last thing that we would want the legislature to do is to be in the same shape it was in 2008, when we went into the Great Recession – where we had no reserves and we had an underlying budgetary problem,” he says. 

So even though the surplus is projected to grow over the next several years, Taylor is still recommending only limited new spending commitments.  He says the legislature should put most of the extra money toward building a reserve, paying down debt and addressing unfunded retirement liabilities.


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

    Related Stories

  • CPR file photo/Andrew Nixon

    Rosy Calif. Budget Projections Prompt Calls for New Spending

    Monday, December 2, 2013
    Many California Democrats and progressive groups want to reinvest in programs devastated by years of budget cuts now that the state’s revenue outlook has improved.

 cabudget2013capitolcapitolcapitolcapitol

Ben Adler

Director of Programming and Audience Development

Director of Programming and Audience Development Ben Adler first became a public radio listener in the car on his way to preschool — though not necessarily by choice.  Read Full Bio 

Sign up for ReCap and never miss the top stories

Delivered to your inbox every Friday.

 

Check out a sample ReCap newsletter.

Thanks for subscribing!

Thank you for signing up for the ReCap newsletter! We'll send you an email each Friday with the top stories from CapRadio.

Browse all newsletters

More Stories

Courtesty of University of the Pacific

Cancer patients who take opioids often struggle with constipation. These Stockton-based researchers may have a solution.

August 12, 2022

Kristin Lam / CapRadio

State agency investigates Sacramento council member. Here’s what could happen.

August 11, 2022

Andrew Nixon / CapRadio

Stephon Clark family settles remaining lawsuit with city of Sacramento

August 12, 2022

Most Viewed

Stalled U.S. Forest Service project could have protected California town from Caldor Fire destruction

Who is Harriet Hageman, the woman who beat Liz Cheney in the Wyoming House race?

California coronavirus updates: First Lady Jill Biden tests positive for COVID-19

California coronavirus updates: WHO renames monkeypox subvariants away from regional signifiers

Northern California wildfires: Where to find updates on air quality, evacuations, and official information

We Get Support From:
Become a Supporter

Most Viewed

Stalled U.S. Forest Service project could have protected California town from Caldor Fire destruction

Who is Harriet Hageman, the woman who beat Liz Cheney in the Wyoming House race?

California coronavirus updates: First Lady Jill Biden tests positive for COVID-19

California coronavirus updates: WHO renames monkeypox subvariants away from regional signifiers

Northern California wildfires: Where to find updates on air quality, evacuations, and official information

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Careers & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2022, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.