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Plunge in state revenue dashes hopes of an easy budget fix

May 4, 2010 3:00:00 AM - latimes.com
Legislators were hoping revenue would continue to exceed projections, forestalling deeper cuts and further tax hikes. But April's total was 30% below what was expected, leaving them with few options.

State tax collections plummeted unexpectedly in April, wiping out months of steady gains that legislators hoped would ease their budget troubles and restore California's economy faster than experts predicted.

USA, California: (Latest Stories)