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IPFS News Link • TAXES: State

Gov. Arnold Schwarzenegger: California faces "financial Armageddon"

12-11-08 • sfgate.com/

Without action this year, the state could be staring at a deficit as great as $40 billion by June 2010, an administration official said. Schwarzenegger is expected to share the bad news with legislative leaders in a budget negotiating meeting today.

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Reported By Jack Gregson

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Gov. Arnold Schwarzenegger: California faces "financial Armageddon"

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