Clear
63 ° F
Full Weather
Sponsored By:

State Needs to Borrow $9 Billion

Sponsored by:

Because of a weak economy and the Legislature´s failure to cut more spending, state Controller Steve Westly says the state will need to borrow at least $9 billion by the end of June to pay its bills.

The amount is more than double Westly´s estimate in March on the minimum amount the state would need to stay afloat. But, while Westly has raised his minimum estimate, he said he´s confident the most the state will need to borrow to cover short-term needs is $11 billion.

The state faces a record deficit that could reach $35 billion in the next 15 months.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • Fire Info
  • Weather
  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
  • Polls
  • Traffic
  • Media
  • Real Estate

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • Fire Info
  • Weather
  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
  • Polls
  • Traffic
  • Media
  • Real Estate
Feedback