CA economy not doing so hot?

I've seen a few worrying events in the past few days.

• East Bay Area School district is talking about closing campuses, merging schools, selling of property, and $100M deficit over next 3 yrs
• San Francisco School district sounding about the same
• BART talking about closing a significant number of stations
• CA budget deficit

It's stunning to me that all this is going on and somehow we're still not talking about increasing taxes on the wealthy or corporations.