Standard & Poor’s: Calif. Economy Could be Nearing Peak

FRESNO, Calif. (KMJ) — The Golden State is on track for another year of economic growth; but, according to Standard and Poor’s, that growth may soon end.

Analysts say the recovery has already outlasted most expansions, and they can’t rule out the possibility of a peak.

In the latest report, California maintains its AA- credit rating.

However, changes in the global economy could cause state revenue to reach a plateau, or begin to falter, putting its fiscal alignment in jeopardy.