November 12, 2010

California’s 2011-12 deficit: $25.4 billion

Latest NumbersCalifornia’s Legislative Analyst’s Office forecasts a state budget deficit of $25. 4 billion that the Legislature needs to plug before the next fiscal year begins. The LAO’s gloomy budget outlook is blamed in part on a $6 billion shortfall in the current fiscal year. California faces a $20 billion a year deficit through 2015-16. Read the LAO report.

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