Photo Credit: Press TV

On Wednesday, California’s Legislative Analyst Office released grim news about the State’s financial health.  The nonpartisan office projects a $13 billion deficit for 2012, and $3.7 billion revenue shortfall that could trigger at least $2 billion in service and program cuts. 

 Hit hardest will be education from kindergartens to colleges, as well as In-Home Support Services and library and Medi-Cal services. Wednesday’s dire forecast also predicts a continued drop in wages and an unemployment rate of over 10%.  Read more