This research brief describes work documented in Projecting California's Fiscal Future (MR-570-LE).

Excerpt: Many analysts and legislative groups have argued that California's current fiscal problems are not merely transitory effects of a recession but are signs of a bleak new era for the "Golden State." Is this true? And, if so, how is a new era of fiscal limitations likely to affect the state's education systems? To help address these issues, Stephen Carroll, Eugene Bryton, Peter Rydell, and Michael Shires analyzed the trends that will shape the California budget over the next several years.

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