Reuters: California delaying tax refunds amid cash crisis

[NaDiNe]

California delaying tax refunds amid cash crisis
      

SAN FRANCISCO (Reuters) - California will not pay state tax refunds for individuals and business that overpaid 2008 taxes, in order to conserve dwindling cash for priority payments including school spending and debt repayment required by state law, the state's controller office said on Friday.<div class="feedflare">
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