More Cuts in California?

Finestone, Deborah
April 2003
Bond Buyer;4/25/2003, Vol. 344 Issue 31622, p1
Trade Publication
Reports that Assembly leaders in California proposed further budgets as part of a package to enable the state to sale $ 2.2 billion in pension obligation bonds. Use of the pension-bond proceeds by the lawmakers to make budget-year payments to the state's two pension funds; Emphasis on the approval of the pension-bond sale by May 5, 2003; Necessity of the Republican's votes for the approval of the proposal.


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