California is starting to make what some call a rebound.  The revenue is now $6.6 billion higher than forecasted through the 2012 fiscal year.  Not only is this news a good sign for the country as a whole, as it shows that the state with the lowest credit rating from Standard & Poor's is possibly on the up swing, but it also comes as good news to Californians as a raise in taxes will be trimmed.

Governor Jerry Brown has compiled a spending plan that aims to reduce the states deficit.  In combination with balancing the books, Brown also claims that his budget will increase education funding.  The idea of balancing the budget at the expense of education is one that has come up a lot regarding state's budgetary problems, however it is good to see that Governor Brown might have found a way to balance the budget without decreasing funding to education.

The rise in revenue, along with the plan that Governor Brown hopes to enact, things are certainly looking better for California.  The argument can certainly be made that the increase in revenue can be largely due to the rebound in technology hiring.  This success of technology might continue as we've seen the favorable outcome of LindedIn's IPO.  Experts estimate that LinkedIn's IPO can mean a bigger Facebook IPO.  All in all, it certainly does make things look good for California, which given the technology industry's large role in the state economy, will only benefit from the success of these companies.

When considering Brown's plan in conjunction with the sudden rise in revenues and possible continued prosperity of the Silicon Valley companies, things are definitely looking better for California than they have in a long, long time.

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