November 3, 2011
Assembly budget aides expecting $5 billion to $8 billion state budget deficit next year
Assembly budget officials expect California to face a deficit of about $5 billion to $8 billion next fiscal year, higher than the $3.1 billion projected by Gov. Jerry Brown, according to a legislative memo obtained by The Bee.
The memo itself doesn't explain why Assembly officials believe the deficit will be larger than once projected, but one budget source said it was due to a variety of factors such as uncertainty over legal challenges, additional demand for public programs and a less optimistic view of the economy in the next fiscal year...
LINK - SacBee.com
