Brown says Calif. on right track, bright future

Dec 16, 2013 6:11 PM

MOUNTAIN VIEW, Calif. (AP) - California's Gov. Jerry Brown says the state could be a model for a national economic growth after cutting public programs, raising taxes on the wealthy and continuing to invest in infrastructure.

Brown said just a few years ago people were calling California a failed state, but the fact is, from a $27 billion deficit the state now has a very significant surplus that can continue for many years to come.

Brown spoke to about 100 technology business leaders Monday at a Silicon Valley Summit focusing on innovation.

Brown was elected for his third term as governor in 2010; since then, the state budget deficit dropped, while credit ratings improved.

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