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California's budget problems linger while many other states shape up

posted May 19, 2012, 6:35 AM by Gary Jones   [ updated May 19, 2012, 6:37 AM ]

"This is not Europe," Brown told Charlie Rose on "CBS This Morning." "This is still the Wild West,and we're going to prove to the rest of this country and the world that we know how to do it."

Though no part of the country was immune from the effects of the recession, California's latest deficit projection comes as many other states begin to climb out of their own budget sloughs.

The Wall Street Journal chided with the headline "California Ugly." Even with state tax collections ticking up nationally last year, the newspaper scolded, "California can't seem to keep up despite one of the highest tax rates in the land."

Read more here: http://www.sacbee.com/2012/05/19/4501265/californias-budget-problems-linger.html#storylink=cpy

Read entire article HERE.

Read more here: http://www.sacbee.com/2012/05/19/4501265/californias-budget-problems-linger.html#storylink=cpy

Read more here: http://www.sacbee.com/2012/05/19/4501265/californias-budget-problems-linger.html#storylink=cpy

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