How California's Fiscal Woes Began: A Crisis 30 Years In The Making - Congoo

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How California's Fiscal Woes Began: A Crisis 30 Years in the Making

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Time | July 02, 2009

With California a day away from issuing IOUs instead of paying its bills, Gov. Schwarzenegger and the legislature remain at odds over how to close a now $26.3 billion deficit. Schwarzenegger on Thursday ordered a third unpaid furlough day for 235,000 state employees. With its $1.7 trillion economy s...

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