The revenues of the government of the most populous U.S. state fell short of estimates in Schwarzenegger’s budget plan by $827 million, Chiang said.
“Without immediate solutions from the governor and legislature, we are less than 50 days away from a meltdown of state government,” Chiang said in a statement.
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“A truly balanced budget is the only responsible way out of the worst cash crisis since the Great Depression,” Chiang said.
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