State Will Be Out of Money Sooner Than Expected
Wednesday, December 10, 2008
State Controller John Chiang says California could run out of money in February -- a month sooner than even his most pessimistic estimate. The state's $11 billion shortfall this fiscal year could cause the state to halt funding for infrastructure projects within weeks.
Joining us on Morning Edition is Steven Levy, director of the Center for the Continuing Study of the California Economy.
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