Relevant:
- California faces a projected deficit of $21 billion
- California Lawmakers Fail to Pass Budget
- California's budget gap won't close for long
- CBO's Revised Budget Sees 2011 Deficit Rising By $500 Billion To $1.5 Trillion; $4 Trillion In Deficit Through 2013 Guarantees QE3+
- Huge Deficit Stuns Cincinnati; California Faces Cash Crisis
2009-03-13 — sfgate.com
" Despite a budget deal last month that was meant to close a $42 billion deficit through June 2010, the Legislative Analyst's Office projected that state leaders will have to find new solutions as state revenues continue to fall."
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