When Romney took office in 2003, Massachusetts had a $3 billion deficit. By 2005, the state had a $1 billion surplus, plus a so-called rainy day fund of another $2 billion. When Romney left office on January 4, 2006, the Bay State had a balanced budget plus the rainy day fund — all without ever raising taxes.

http://www.newsmax.com/Newsfront/Romney-Success-Obama-Record/2012/06/25/id/443369