EDIT: Oh and apparently there is no surplus
http://www.reuters.com/article/2011/02/04/us-usa-deficits-st...
from last week: http://www.nytimes.com/2013/01/09/us/texas-budget-surplus-pr...
"A boom in revenues from sales taxes as well as taxes from oil and natural gas production have given Texas a budget surplus that the state comptroller has estimated at $8.8 billion."
Of course this will start a new debate about how it's only a surplus because of previous budget cuts, but that's for another time and place. Still others will crunch the numbers differently and say there was actually a deficit. Politics is fun.
It's no coincidence the Economy in Texas has recovered while the economy in California hasn't. This is particularly galling given the number of tech companies in Northern California with highly compensated employees.
In any event, California didn't slip into a budgetary black hole by coincidence. State employees are grossly overcompensated, and much of that compensation takes the form of generous retirement benefits. The state will be raising taxes and using budgetary gimmicks for decades because the real problem is unfunded pension liabilities, not delivery of current services.
You mean California?
http://www.businessinsider.com/the-california-budget-surplus...
Nobody believes that.
There's a lot wrong in California, but a lot of people are barking up the trees from years ago instead of the ones that are real problems today.
This is not barking up trees from years ago. They have done nothing to address the structural problems in the state budget.