Newly-installed California Gov. Jerry Brown declared a state of fiscal emergency on Thursday, underscoring the need for quick legislative action on the state’s massive budget deficit. Without corrective action, he said, California’s combined deficit for this year and the next will be $25.4 billion.
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California Governor Jerry Brown Declares State of Fiscal Emergency originally appeared on DailyFinance on Fri, 21 Jan 2011 08:40:00.