California Passes Budget, Issuance of Stem Cell Bonds Still Distant
In the predawn hours today in Sacramento, California lawmakers passed a budget aimed at dealing with a $42 billion state deficit, but the spigot that feeds CIRM remains firmly closed.
Nonetheless, the action does assist with CIRM's own plans to bootstrap itself out of its cash crunch.
The state legislature has sent the spending proposal to the governor, …
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