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(Image from article: "Calif. deficit could reach $21 billion")

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Budget deal would close California's deficit but makes rosy projections

The agreement that lawmakers are scheduled to vote on Thursday would close the $19.1-billion shortfall by trimming salaries, public school funding and services.

Calif. deficit could reach $21 billion

California faces a nearly $21 billion budget gap over the next year and a half, extending a fiscal crisis that already has led to steep cuts to public schools, social services and health programs.

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