Daily Archives: December 11, 2008

$41.8 Billion Deficit: A Closer Look

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Governor Schwarzenegger and his budget advisers today projected a $41.8 billion deficit between now and the end of June 2010. That’s easily one of the state’s biggest fiscal holes ever, and only seems to have raised the sense of gloom … Continue reading »

18 Month Deficit: $40 Billion

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That’s the bleak news you can expect to hear more about today. An administration official, speaking on background, says that Governor Schwarzenegger will tell legislative leaders today that the new deficit estimate through June 2010 is a whopping $40 billion. … Continue reading »