California Budget Predictions: $41.8 Billion in the Red
This is what's being predicted for California: a $14.8 billion deficit by June 30--then $41.8 billion by 2010, according to revenue forecasts by the state Department of Finance. The LA Times wraps it nicely in their deck: "Unless legislators take control, gap could become the largest in modern California history, analysts say. But a solution seems unlikely as Gov. Schwarzenegger scolds lawmakers for failing to act."