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IPFS News Link • TAXES: State

California May Be Forced to Issue I.O.U.’s

06-24-2009 • NY Times

Signaling that California is slipping deeper into financial crisis, the state’s controller said his office would soon be forced to issue i.o.u.’s to scores of the state’s creditors, as lawmakers failed to close the state’s multibillion-dollar shortfall.

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Reported By Powell Gammill

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