"California Appears Finally to Be Waking Up from Its Long Budget Nightmare"

"Key factors in the turnaround are the improving state economy, prior budget cuts and the passage of the Proposition 30 tax measure, Taylor found. By 2014, the state will have a surplus of $1 billion and that will grow to more than $9 billion by 2017, according to the fiscal outlook.
"That means what is known as the 'structural deficit' - the carryover deficit from year to year - will be eliminated."

Wyatt Buchanan at the San Francisco Chronicle reports good news for California's state budget.