Quick hits
by TP staff
Aug 11, 2009 | 3631 views | 0 0 comments | 23 23 recommendations | email to a friend | print
• Still bleeding red ink: California’s cash deficit grew in July despite the issuance of IOUs, according to State Controller John Chiang.

Numbers: • $11.9 billion: California’s cash deficit on July 1, 2009, the first day of the 2009-10 fiscal year.

• $16.5 billion: California’s cash deficit on July 31.

• $1.5 billion: Value of IOUs, or registered warrants, issued by the state between July 2 and July 31.

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