California officials concerned about new budget woes


SACRAMENTO, California (AP): California officials are warily awaiting the next round of state revenue figures, concerned that their latest budget-balancing efforts may not be enough to end a seemingly endless stream of deficits.

Lawmakers wrapped up a nearly 24-hour session Friday afternoon by approving most of a complicated package of spending cuts, raids on local government funds and accounting maneuvers designed to eliminate a $26 billion budget shortfall.

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