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Fiscal outlook brighter — but fingers crossed
Legislative Analyst Mac Taylor, the Legislature's nonpartisan fiscal adviser, unveils the latest budget projections. (Photo: AP/Rich PedroncelliCalifornia, long bedeviled by daunting budget deficits, is likely to end the next fiscal year with $4.2 billion in reserve, with half that amount due to a budget-reform measure that voters approved on Nov. 4, according to the Legislature’s nonpartisan financial adviser.