California's cash crisis may force officials to delay or halt infrastructure projects throughout the state. State officials are deciding whether to freeze financing on road, levee, school and housing projects, as well as park improvements, environmental restoration, and prison-repair projects.

All the projects rely on funds from routine bonds that the state can not currently sell. The move could cut 200,000 jobs and cost private companies $12.5 billion.

California faces a daunting budget deficit that has affected numerous projects throughout the state.

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