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Fiscal-cliff fall to doom California's budget recovery?

Posted By -NO AUTHOR- On 12/29/2012 @ 12:26 am In Money,U.S. | No Comments

(Sacramento Bee) Gov. Jerry Brown and California lawmakers struck an upbeat tone in recent weeks as they enjoyed their most positive budget outlook since the economic downturn.

Whether that mood survives the winter depends on Washington.

State budget experts say the biggest immediate threat to California finances is a recession triggered by automatic federal cuts and tax hikes, absent a political deal to avoid the so-called “fiscal cliff.”


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