Governor, lawmakers strike bipartisan deal to create rainy day - TopicsExpress

Governor, lawmakers strike bipartisan deal to create rainy day reserve, pay down state debts. ow.ly/wDSB9 Gov. Jerry Brown and legislative leaders on Thursday agreed to replace the rainy day fund measure on the November ballot with a bipartisan plan that would set aside revenue equal to 10 percent of Californias general fund and dedicate money to paying down the states massive debts and liabilities.

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