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Estimated state budget deficit reaches $25.4 billion

Nov 11, 2010 3:00:00 AM - latimes.com
The economy, new restrictions approved by voters, phantom savings in the budget and the end of temporary taxes add to gloomy forecast by Legislative Analyst's Office for the next 18 months.

As Jerry Brown prepares to take over as governor, California faces a $25.4-billion deficit — far larger than state officials were projecting only days ago — the state's chief budget analyst said Wednesday.

USA, California: (Latest Stories)