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Home / CA: Analyst – Borrowing $23.3 Billion Won’t be EasyCA: Analyst – Borrowing $23.3 Billion Won’t be Easy
Last Updated on Friday, 9 January 2009 12:48 Written by rslcpol Friday, 9 January 2009 12:48
From the L.A. Times:
Schwarzenegger has depicted his proposal, which he intends to formally submit to the Legislature today, as the only financially responsible solution to a budget gap estimated to reach $41.6 billion by the middle of next year.
But Legislative Analyst Mac Taylor questioned the degree of borrowing Schwarzenegger is requesting, given the turbulent credit markets and investors’ shaky faith in the ability of California lawmakers to fix the state’s fiscal problems.
This entry was posted on Friday, January 9th, 2009 at 12:48 pm and is filed under State Legislature News.
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