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Home / ‘Fiscal Emergency’ in California‘Fiscal Emergency’ in California
Last Updated on Tuesday, 2 December 2008 12:24 Written by rslcpol Tuesday, 2 December 2008 12:24
From the San Francisco Chronicle:
“Without immediate action, our state is headed for a fiscal disaster” in which California could run out of money to pay its bills by late February, the governor said in a news conference in Los Angeles.
He compared the growing deficit, which could reach $28 billion by 2010, to an avalanche gaining momentum, and he slammed the Legislature, Democrats and Republicans, for not coming up with solutions during a special session that ended Nov. 25.
This entry was posted on Tuesday, December 2nd, 2008 at 12:24 pm and is filed under State Legislature News.
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