A space efficient circuit arrangement for supplying power to an LED array, the power supply circuit (100) has a rectifier (105), a starting circuit coupled to the rectifier (105), a gate drive arrangement coupled to the starting circuit, and a resonant converter circuit (120, 125) coupled between the rectifier (105) and a resonant load circuit (135). The resonant load circuit includes a resonant inductance (150), a resonant capacitance (155) coupled to the resonant inductance (150), and a load connected in parallel to the resonant capacitance (155). A plurality of light emitting elements (170, 175) and a capacitor (160) define at least a portion of the load. All of the circuit components may be placed on the same circuit board as the light emitting elements (170, 175), thereby taking up less space in a traffic signal housing and making retrofitting a traditional incandescent lamp traffic signal easier.