SAN FRANCISCO — Not only is California facing a huge budget deficit, but lawmakers and the governor have a very short time to fix it to keep things from getting farther out of balance, the state’s independent Legislative Analyst’s Office reported Tuesday.

“The Legislature and the governor will need to agree to a framework to solve much of the budget problem by the end of March,” said the report from legislative analyst Mac Taylor, prepared in response to the fiscal 2011 budget plan Gov. Arnold Schwarzenegger released Friday.

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