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Walters: School Budgets Squeezed Despite ‘Extraordinary’ State Surplus

Mac Taylor, the Legislature’s soon-to-retire budget analyst, generally takes a very conservative, glass-half-empty approach to the state’s finances. However, the report his office issued this month was downright exuberant, citing California’s strong economy, growing revenues and a historically large “rainy day fund” created by outgoing Gov. Jerry Brown. “It is...

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