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Debt takes a huge chunk out of California's beleaguered budget

Feb 25, 2011 9:58:52 PM- latimes.com
After a 10-year borrowing binge, the upcoming budget is expected to spend more on debt than public universities or state parks. Next year's repayments — $7.65 billion — could make up a quarter of the deficit.

Closing California's deficit this year would be immeasurably easier if the state weren't paying for a 10-year borrowing binge.

USA, California: (Latest Stories)