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CA budget deficit grows 05/13/12 8p.m. TDH

Governor jerry brown announced on Saturday that the state’s budget deficit has grown beyond previous projections.  In the governor’s preview of his may budget release, he announced a 16-billion dollar gap between revenue and expenses.  That’s nearly 7-billion dollars higher than the previous projection.  Governor brown is pushing for a series of tax measures to be voted on this fall.  The new shortfall means likely across-the-board cuts.  If voters reject the governor’s tax proposals, the cuts will be increased.

 

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