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Reuters: California budget shortfall seen nearing $42 billion

Started by chris, December 12, 2008, 02:59:16 AM

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chris

California budget shortfall seen nearing $42 billion
      


SAN FRANCISCO (Reuters) - California faces a $41.8 billion shortfall for its combined current and next fiscal years, up from a prior $28 billion estimate as its economy weakens and revenues decline, the director of the state's Department of Finance, said on Thursday.<div class="feedflare">
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