California Shows Deficits Need Not Imperil Debt Service

Rosenstiel, Paul
July 2010
Bond Buyer;7/26/2010, Vol. 373 Issue 33355, p31
Trade Publication
In this article the author discusses the success of California in managing budget deficits from 2009-2010. He notes that the state's management of budget deficits shows how their potential impact on debt service can be prevented. He emphasizes that such success increased the state's cash resources in 2009.


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