Sacramento - California's budget deficit will grow to $28 billion through June 2010 unless lawmakers take bold action, possibly including a hike in the state income tax, the Legislature's nonpartisan analyst said Tuesday. [snip]
The revenue collapse is so bad that if lawmakers did nothing, the state would face $22 billion shortfalls each year from 2010 to 2014, the analyst's report said.
[yet we just returned all Democrats to Sacramento again on the 4th.]
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Thursday, November 13, 2008
Analyst: California faces
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