Feb 03 2009
Examining California’s Budget Crisis
| the entire program

As California’s financial crisis worsens, lawmakers are still polarized on the state’s budget. The treasury has been depleted, and the state’s controller has begun withholding payments and, instead, is issuing IOUs, which are leaving many Californians in dire circumstances. Some 2.7 million Californians won’t receive their income tax refunds this month. College aid has also been placed …

As California’s financial crisis worsens, lawmakers are still polarized on the state’s budget. The treasury has been depleted, and the state’s controller has begun withholding payments and, instead, is issuing IOUs, which are leaving many Californians in dire circumstances. Some 2.7 million Californians won’t receive their income tax refunds this month. College aid has also been placed …
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