Monday, June 02, 2008

California to be "Out Of Cash" by August

County's finances healthy - if state reimburses

As California slips deeper into the red and other counties and cities are rushing to do something about their rapidly deteriorating financial status, Plumas County is poised to weather the storm.

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The state treasurer is telling the state they will run out of cash this August if something isn't done. As a former member of a state Senate appropriations committee I know what that means. We could be bankrupt.

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