Sacramento, CA — The California Legislative Analyst’s Office is projecting that the new state budget will fall short of closing the deficit by $8 billion.
A report states that California’s economic and revenue outlook continues to deteriorate. If measures that are up for vote during a May special election are not approved, it could add an additional $6 billion to that number.
Written by bjhansen@mlode.com
This post was last modified on 03/14/2009 6:40 pm