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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (86715)	2/1/2012 4:15:30 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217591

California Faces Cash Shortfall by March on Low Receipts, Controller Says OOPS - is California economy comparable to Spain? - CA State solution do not pay your bills on time - result businesses facing cash crunch and BK . Interestingly S&P, Moody's Fitch and other rating agencies are suspiciously quiet. “Although this cash management plan relies on still more borrowing, payment delays and deferrals, we believe this is the most prudent and responsible course of action considering we have about four weeks before the advent of the cash shortfall,” Chiang said in the letter. State receipts were $2.6 billion lower than forecast through Dec. 31, while expenditures were an equal amount higher, Chiang said. In a previous report, Chiang said the collections shortfall for the fiscal year that began in July was led by corporate and personal-income taxes. bloomberg.com