<p>In Gov. Gray Davis' first term, tax revenues were flowing into Sacramento faster than anyone could have predicted. The state's fiscal drought was over, replaced by a flash flood of cash.</p>
<p>And the Davis administration, backed by the Legislature, was quick to spend the money on favored programs, including public education, unclogging highways, health care for the poor, home support for the elderly, and prisons -- and accelerate a planned cut in vehicle license fees.</p>