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The California Strategic Growth Plan
Affordability
The single most important indicator of a state's creditworthiness and ability to carry debt is the existence of a balanced budget capable of handling its debt load without the need to cut other existing programs to pay debt service. While the SGP will increase the state's debt load over the next 10 years, under this plan state debt service will remain within prudent bounds into the foreseeable future. Figure INF-03 displays the state's debt payments and debt ratio into the future under the SGP.
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Budget Summary - The California Strategic Growth Plan (pdf * - 279K)
- Provides this entire The California Strategic Growth Plan Chapter in pdf format.
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