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flag California leaders concealed a $2 billion budget error for months.

flag Democratic leaders in California concealed a $2 billion accounting error in the state’s budget for months before admitting it, sparking criticism over transparency. flag The discrepancy stemmed from miscalculations involving the public employee retirement system, CalPERS. flag While the error initially reduced the projected deficit, state analysts warn that California still faces severe long-term fiscal challenges.

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