Whether that mood survives the winter depends on
State budget experts say the biggest immediate threat to
The state's biggest federal program, Medi-Cal, is spared from automatic cuts. But a new recession could threaten the state tax revenue that serves as the lifeblood for
"A lot of it relies on confidence, and I think that one of the things that makes this especially hard to predict is we can't really know how businesses and consumers will respond," said Jason Sisney, the chief forecaster at the Legislative Analyst's Office.
In November, the LAO predicted a relatively small $1.9 billion state budget deficit through June 2014, followed by surpluses in years thereafter.
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