California’s Revenue Shortfall Will Trigger Further Cuts
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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- Macroeconomic Analysis
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BBVA Research
BBVA Research
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