Prop Zero
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$12 Billion Underwater

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$12 Billion Underwater

Underwater racing, or Formula H20

$12 billion is the estimate from a credit rating agency, Moody's, of what the state's budget deficit will be next year.

And yes, the state passed a new budget just this month.

And yes, it's already out of balance.

Related Topics Cash, State Budget, Moody's
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