The current state of state finances

California Gov. Jerry Brown helped bring his state out of a deficit and into a surplus.

As parts of the U.S. economy rebound, some states are beginning to find themselves in the position of needing to think about what to do with the extra money coming in from taxes.

Yes, an actual surplus. Remember that?

Marketplace's economics expert Chris Farrell, joins host David Brancaccio to discuss the current state of local government finances. 

About the author

Chris Farrell is the economics editor of Marketplace Money.

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