S&P Scenario Sees Tight Times for Calif. Cities

Williams, Rochelle
November 2001
Bond Buyer;11/20/2001, Vol. 338 Issue 31269, p4
Trade Publication
Reports that according to the U.S. rating agency Standard & Poor, budget planners in California could face a $14 billion cumulative revenue shortfall in 2003. Reason why cities may fare better than states in terms of revenue shortfall; Difficulty experienced by the state in balancing of revenues and expenditures.


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