...officials began issuing billions of dollars in "IOUs"
to avoid a cash crisis on the second day of a new fiscal year
without an agreement to balance the state's books
California faces a financial stranglehold
after lawmakers failed to balance the budget
by the start of the state's new fiscal year
…leaving a $26.3 billion deficit
7/3/09
Should good paying jobs migrate away from regions with high taxes, crime and excessive debt?
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