Holiday shopping could impact state budget
SACRAMENTO, CA - Merchants aren't the only ones closely watching the receipts from Black Friday, so is Gov. Brown.
A good showing at the checkout stand over the next couple of weeks could lessen the severity of mandatory budget cuts.
Last week, the Legislative Analyst's Office projected a $3.7 billion shortage in the budget that would, if unchanged, demand massive cuts to schools, services for the poor and disabled.
In addition, state budget crunchers will be looking at taxes not yet tallied up; like capital gains and taxes from the state's highest wage earners.
The Governor's Office has until Dec. 15 to compile its numbers. But at least some cuts are expected on Jan. 1.





































