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Brown Calls Fiscal Emergency

Governor Jerry Brown has issued a fiscal State of Emergency.

It reaffirms the State of Emergency called by former Governor Schwarzenegger on December 6. The states deficit for the next two years is $25.6 billion, unless corrective action is taken. Brown is calling for the legislature to come together in the coming weeks to solve the budget crisis.

Brown is calling $12.5 billion in cuts, and hopes the remainder will be made up by voters extending temporary tax hikes.