SACRAMENTO (CBS) — A projected shortfall in California state revenues could lead to deep cuts to services statewide and potentially even a shorter school year, an analyst said Wednesday.
The Legislative Analyst's Office released a report projecting general fund revenues are $3.7 billion less than what was projected back in June when the state budget was approved.
KNX 1070's Charles Feldman reports the new numbers could have a direct impact on education.
If that figure is confirmed next month by the state Department of Finance, a series of automatic cuts will likely be enacted — including possible reduction in school days statewide.
"One of the primary proposals is cutting the school year by about a week," said Loyola Law School budget analyst Jessica Levinson.
That move could save as much as $1 billion every year, Levinson said.
The report also projected a $13 billion budget shortfall in 2012.
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