LOS ANGELES -- California's $5 billion short-term annual note issue, scheduled for pricing this week, will mature earlier than usual because of concerns about a potential budget deficit of at least $2 billion later this fiscal year.

The bulk of the state's revenue anticipation notes will mature in April and May, with a smaller portion due in January. They traditionally mature in late June, just prior to the start of California's fiscal year on July 1.

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