61.3 ° F
Full Weather
Sponsored By:

Budget Makers Banked On Stock Market

Sponsored by:

A large part of California´s $23.6 billion budget deficit can be blamed on a drop in the stock market. The state was counting on taxing money reaped by a steadily rising stock market. The state Department of Finance says an estimated $17.3 billion, or 75% of the budget gap, was supposed to come from about five percent of the state´s taxpayers expected to cash in on higher stock prices.

Use the 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