"California's nonpartisan budget analyst says the state is projected to face a $13 billion budget shortfall next year.
The Legislative Analyst's Office on Wednesday released a gloomy state fiscal outlook. It says tax revenue will fall short of the state's projections, which could trigger midyear cuts to public schools, colleges and health care programs.
Under the current budget, a series of automatic cuts will take effect if the analyst or the governor's Department of Finance project revenue that is lower than lawmakers anticipated when they passed the budget last summer"............READ MORE
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