The surf in California is legendary, so our choice of metaphor is a logical, and easy choice.
The California financial surf is experiencing a significant swell.
“…as a result of the economic upturn and the passage of Proposition 30 in 2012, which temporarily raises income and sales taxes, revenues are forecast to hit $98 billion in 2014, following an estimated $95 billion in 2013. The State Department of Finance projects small surpluses through 2017, its normal five-year forecasting period,” writes Jay H. Abrams, FMS Bonds, Inc. Chief Municipal Credit Analyst.
You can read the whole story and learn more about the present and future boom of California finances here.