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Detailed text transcripts for TV channel - MSNBC - 20120713:19:04:00

Necessarily have that much control over their taxes. so as the state got into trouble, they actually start playing gapes a ining games and different revenue sources. as cities get into trouble, they dont have as many options to try to get out of trouble and they need voter approval to pass any new taxes. so its kind of a california specific set of problems in that they dont control their revenues. they actually have pretty high expenditure costs in part because of labor contracts and its not rea...
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