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Published on Wednesday, November 16, 2011

California’s Revenue Shortfall Will Trigger Further Cuts

Summary

$3.7 billion projected revenue shortfall in FY 2011-2012. $13 billion+ deficit now expected heading into the next fiscal year. The current budget establishes automatic spending cuts up to $2.5 bn this year

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Report (PDF)

111117_FlashEEUU_22_tcm348-278665.pdf

English - November 16, 2011

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BR
BBVA Research BBVA Research
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