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On July 24, 2009, the state government passed a budget that included $15 billion in service cuts, including $8.1 billion in education cuts. Eliminated from the final plan included proposals to borrow money from city and county governments and to drill for oil off the coast of Santa Barbara. [16]
21 maj 2009 · Only three months ago, state officials agreed on a budget deal that closed a $40 billion gap by cutting $15.8 billion in spending, temporarily raising the state sales tax by a penny, borrowing $5.4...
California's Budget Crisis: What Happened? Michael Dardia is Vice President & Director of Research at the SPHERE Institute. His research interests cover workforce development; redevelopment; regional economics; and public finance and taxation issues.
17 lut 2009 · California’s woes will almost certainly leave a jagged fiscal scar on the nation’s most populous state, an outgrowth of the financial triptych of above-average unemployment, high foreclosure...
The California 2009 budget crisis was the $41.6 billion gap in the California state budget and finances. The governor and the state legislature worked out a deal to try and ameliorate the problem. Before this deal, there were several other proposals as to how to make up the gap.
18 lis 2009 · The state’s financial problems predate the current recession and the gimmicks used to paper over the deficit, experts say. Year in and year out, state government spends roughly $10 billion more...
2009, the Washington Post reported that Obama administration officials had “decided that California could hold on a little longer and should get its budget in order rather than rely on a federal bailout.”
