We thought a $9 billion state budget deficit was bad. Try an actual $16 billion this year alone. Almost as much as the past 5 years ($20 billion), but in one year. DO THE PEOPLE WHO THOUGHT SCHWARZENEGGER'S ELIMINATION OF THE CAR TAX WAS SO GENIUS STILL THINK IT'S A GOOD IDEA NOW? Young people's college dreams and the core functions of K-12 and important public safety and other services are at risk. We could've avoided this last June by extending then-current taxes. Now look at where we are, and it is by design, so our crisis can be vulture capitalists' opportunity.
Huge New Shortfall Predicted in California Budget
www.nytimes.com
The rise in California’s projected budget deficit, from $9.2 billion in January, is forcing state officials to propose a new series of midyear cuts in already battered programs.
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