California’s state budget has grown to $75.7 billion, Gov. Gavin Newsom said Monday, thanks to a recovering economy, better-than-expected tax revenues, and aid from the federal government’s February stimulus package.

This marks a drastic turnaround from last summer, when California was facing a budget deficit of $54 billion and Newsom proposed slashing the state budget by 9% and cutting state workers’ pay by one-tenth in order to balance the budget.