If only the numbers weren't so mind-numbing.
New LAO Report published Friday:
http://www.lao.ca.gov/2006/major_features/major_features_2006.html
"Out-Year Implications of the 2006-07 Budget. Based on our current projections of revenues and expenditures under the 2006-07 Budget Act policies, the state would continue to face operating shortfalls in the range of $4.5 billion to $5 billion in 2007-08 and 2008-09. "