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IPFS News Link • Economy - Economics USA

Fiscal Wipeout: California controller to suspend tax refunds, welfare checks

1-16-09 • LAtimes.com

Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.

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