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The good news: The recession California officials predicted in the early months of the coronavirus pandemic has not been as dire as they thought it would be. The bad news: The $26 billion windfall reveals a
stark economic divide.

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CalMatters is a Sacramento-based nonpartisan, nonprofit journalism venture committed to explaining how California's state Capitol works and why it matters. It works with more than 130 media partners throughout the state that have long, deep relationships with their local audiences, including Embarcadero Media.