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Here's a quote from the NYTimes, which explains this better than I just did. :)
Date:
2008-10-03 06:19 pm (UTC)
From:
r-ness.livejournal.com
"Typically, he said, the state gets routine short-term loans in the fall to cover its bases until state coffers refill in the spring from tax revenue and other sources.
"But the shuttered credit market has upended the budgeting."
(from
http://www.nytimes.com/2008/10/04/us/04calif.html
)
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Here's a quote from the NYTimes, which explains this better than I just did. :)
Date: 2008-10-03 06:19 pm (UTC)"But the shuttered credit market has upended the budgeting."
(from http://www.nytimes.com/2008/10/04/us/04calif.html)