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Calif. Budget Triggers Likely, $13 Billion Deficit Next Year

November 16, 2011 4:31 p.m.

California's non-partisan legislative analyst says the state faces a $13 billion deficit for the fiscal year that starts in July – and will likely have to make mid-year "trigger" cuts to the current year's budget.

Related Story: Calif. Budget Triggers Likely, $13 Billion Deficit Next Year