Since the financial meltdown of ’08,
California has often been the national poster child for bad state finances. Huge fights. Vicious politics. Scary red ink. Bloody cuts in spending on fundamentals. Prisons. Schools.
And then last week, there was California Governor Jerry Brown, front and center, talking rebound. California’s budget deficit, he declared, gone. New money for K-12. A billion set aside for a rainy day. It’s kind of amazing.
This hour, On Point: How did they do that?