California has a surplus now.
Projections are just projections and can be seriously wrong. A projected $2.8 billion surplus[0] quickly changed to being a $1.6 billion deficit[1].
[0] https://www.scpr.org/news/2016/11/17/66216/california-analys...
[1] http://www.latimes.com/politics/la-pol-sac-jerry-brown-budge...
https://www.wsj.com/articles/jerry-browns-legacy-a-6-1-billi...
https://www.wsj.com/articles/jerry-browns-legacy-a-6-1-billi...