TAHOMA, Calif. – California Gov. Jerry Brown released a $98 billion general fund spending plan Wednesday with no sign of a deficit, an unusual prospect for the state that has faced severe budget gaps ahead of budget talks in recent years.

The governor’s budget proposal for fiscal 2014, which starts July 1, continues the conservative approach to bond sales Brown has followed over the last two years, reducing issuance. It also changes the funding source for some transportation bonds, and shifts responsibility for university capital expenditure debt service.

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