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"California's perilous fiscal situation isn't exactly encouraging to out of state real estate investors," writes a reader, forwarding this Daily News story about tax refunds. (FYI, when it comes to budget issues, it's the stories about possibly not being able to feed California's prisoners that are the most terrifying.) Via the News: "Californians planning to stuff their thinning wallets with money from 2008 state income tax returns could be disappointed. For the first time in 17 years, California finance officials warn they could pay taxpayer income tax refunds in April with IOUs. And don't get any ideas: Residents who owe tax cannot pay the state with IOUs." [Daily News]