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California Debt

(credit: Justin Sullivan/Getty Images)

Lawmakers, Brown Compromise On Rainy Day Fund

Gov. Jerry Brown and legislative leaders on Thursday agreed to replace the rainy day fund measure on the November ballot with a bipartisan plan that would set aside revenue of up to 10 percent of California’s general fund and dedicate money to paying down the state’s massive debts and liabilities.

05/08/2014

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