California’s Budget Suffers ‘Major Blow’ as Debt Sales Loom
“Revenues more than $1 billion under estimates and recent adverse court rulings are dealing a major blow to a budget that is barely 10-weeks old,” Controller John Chiang said in a statement. “While there are encouraging signs that California’s economy is preparing for a comeback, the recession continues to drag state revenues down.” Full Story »
Posted by Cynthia Gilbert - via Tom Friedman, Patrick Ruffini
