Jerry Brown lauds California’s ‘comeback,’ urges caution in State of the State speech

JBGov. Jerry Brown said today that California is continuing its "comeback," with   a budget surplus and an improving economy, but he urged the Legislature to restrain spending.

"This year, Californians have a lot to be proud of," Brown told a joint session of the Legislature in his State of the State address. "For a decade, budget instability was the order of the day. ... But three years later, here we are, with state spending and revenues solidly balanced, and more to come."

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For a full transcript of the State of the State Address, please click here.
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