With voters Tuesday rejecting five of six ballot measures that were designed to fix California's budget mess, the state's projected deficit will increase from $15 billion to $21 billion through mid-2010.
How will the state make up some of this loss? By borrowing around $2 billion from city and county government, the Contra Costa Times reports. The state promises to pay back that money in five years.
Walnut Creek will lose around $1.7 million; Concord $2.5 million; San Ramon $1.8 million.
Walnut Creek City Manager Gary Pokorny told the Times that legislators should not inflict their bad management onto cities. "But they are going to do what they are going to do," he said.
You can read more in the Times here.