11 Jun '15, 2am

California is flush with cash. So why the warnings to prepare for recession?

When Gov. Jerry Brown released his latest spending proposal last month, he said a downturn was “around the corner.” In a speech to business leaders, he said the question was “not if, when.” And he told county government officials that even a moderate downturn could cost the state $40 billion in revenue over three years.

Full article: http://latimes.tumblr.com/post/121227992462/california-is...

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