May 9, 2009
La Opinion quoted SPPD Senior Fellow Sherry Bebitch Jeffe about the vicious circle of California's budget crisis. If the state doesn't pay its contractors, people won't receive their salaries, and therefore won't spend money, and the state won't receive its sales tax revenue, worsening the fiscal situation, Jeffe explained.
La Opinion quoted SPPD Senior Fellow Sherry Bebitch Jeffe about the vicious circle of California's budget crisis. If the state doesn't pay its contractors, people won't receive their salaries, and therefore won't spend money, and the state won't receive its sales tax revenue, worsening the fiscal situation, Jeffe explained.