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Keyword: despitedeficit

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  • CA: State poised to spend more, despite deficit (Say WHAT?)

    07/23/2003 9:43:33 AM PDT · by NormsRevenge · 10 replies · 408+ views
    Orange County Register ^ | 7/23/03 | Hanh Kim Quach
    <p>SACRAMENTO – California government is poised to spend up to 3.1 percent more this year over last year - despite the biggest budget deficit in history.</p> <p>How is this possible? Through a lot more borrowing and deferred payments, according to an analysis of the latest budget proposal prepared by the nonpartisan legislative analyst. The July 14 report obtained by The Orange County Register details how the state's reliance on borrowed money shrouds what is actually being spent.</p>