SACRAMENTO, Calif. (AP) _ Riding a wave of new tax revenue, California's spending plan for the coming fiscal year will rise by 7 percent, a powerful indication that the state that came to symbolize fiscal mismanagement during the heart of the recession is emerging into brighter days.

Gov. Jerry Brown on Thursday proposed a $97.6 billion general fund for the 2013-14 fiscal year, $6.3 billion more than the current year. The additional revenue will help him pour more money into public schools and universities.

The revenue has wiped away a budget deficit that stood at $25 billion when Brown took office two years ago and has created a slight surplus.

``California today is poised to achieve something that has eluded us for more than a decade _ a budget that lives within its means, now and for many years to come,'' Brown said during a news conference at the Capitol.

His budget includes a surplus of $850 million.

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