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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on April 02, 2009, 12:39:45 AM
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April 1 (Bloomberg) -- California will likely need $11 billion to pay bills in what may be its largest cash-flow borrowing since 2003, state finance officials said.
The state will have exhausted all available cash by August along with $19 billion in internal funds and may need to bridge a $10.6 billion gap between projected monthly expenditures and revenue, state controller John Chiang, a Democrat, said yesterday in a news release.