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Opinion: Will California Spend Its Surplus, or Save It?

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In November, the Legislature’s budget analyst, Mac Taylor, issued his annual “fiscal outlook” that sets the stage for the next state budget cycle. In early January, Gov. Jerry Brown will offer his own fiscal outlook as he proposes a 2018-19 budget, his last. Chances are, Brown’s take will not vary much from Taylor’s — that in the […]

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