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JAN 10, 2013 - Yahoo! News

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California 2013-14 budget is balanced: governor

SAN FRANCISCO (Reuters) - California's budget deficit is gone after years of financial troubles, Governor Jerry Brown said on Thursday, proposing a plan that raises spending on education and healthcare, boosts expenditures by 5 percent but vows to maintain fiscal discipline. "I am determined to avoid the fiscal mess that the last few governors had to deal with," Brown told reporters as he introduced the budget for the 2013-14 fiscal year beginning in July. The state expects $98.5 billion in revenues and transfers and plans spending $97. ...

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