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Pennies From Heaven, But Not Enough for CRAs

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Ever stumble upon $6.6 billion? California has. The New York Times reports our state will receive an unexpected $6.6B in revenue, mostly from "rising incomes--the average California worker will make an additional $4,000 over the next two years, the state now estimates, which will mean more income taxes going into state coffers." The money will cut the deficit down to $10 billion; to address the remaining debt, governor Jerry Brown still wants voters to approve tax extensions, though the taxes are smaller than before. And according to the new budget, Brown still wants local community redevelopment agencies nixed. [NYT]