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IPFS News Link • TAXES: State

Bond analyst skeptical of California's new budget

07-27-2009 • AP

A bond analyst was skeptical about California's revised budget, saying it was filled with accounting tricks that would do little to improve the state's poor credit rating. In addition, lenders may not be satisfied with California's latest spending plan, which combines $15 billion in cuts to education, prisons, parks and other aspects of state government with accounting maneuvers and borrowing to

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Reported By Powell Gammill

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