Priorities Spotlight - Analyst puts California’s deficit at nearly $13 billion

As discussed with the Executive Committee on Monday the fiscal outlook in Sacramento continues to worsen making the potential for mid-year trigger cuts very much a reality.

http://www.lao.ca.gov/reports/2011/bud/fiscal_outlook/fiscal_outlook_2011.pdf

SACBEE BREAKING NEWS ALERT » 11/16/2011

Analyst puts California’s deficit at nearly $13 billion

California would impose $2 billion in mid-year “trigger” cuts next month, including reductions to K-12 schools, under a new revenue forecast issued this morning by the nonpartisan Legislative Analyst’s Office. The LAO also said the deficit for the year beginning July 1, 2012 would be nearly $13 billion.

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