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Archive Home > 2009 > July > 21 > Deal reached to close California budget gap

Deal reached to close California budget gap


July 21, 2009

SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and California’s legislative leaders have agreed on a plan to close the state’s $26 billion budget shortfall.

The agreement would be a first step toward ending the IOUs the state has been issuing this month, but it....

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