Gov. Gavin Newsom and the Democrats who control the state Legislature have agreed on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit.
Gov. Gavin Newsom and the Democrats who control the state Legislature have agreed on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state's savings account.
The budget, agreed upon Monday and scheduled for a vote by lawmakers this week, covers that deficit by cutting some spending - about $8 billion - while delaying other spending and shifting some expenses to other funds. The plan would borrow $6.1 billion and would set aside $37.8 billion in reserves, the most ever.
"What do Capitol Democrats have in store for you this holiday weekend? Higher gas prices!" Assembly Republican Leader James Gallagher posted on Twitter. The budget includes a lifeline for public transit agencies struggling to survive following steep declines in riders during the coronavirus pandemic. It allows transit agencies to use some of the $5.1 billion in funding over the next three years for operations.
Some of that money would go toward increasing how much money doctors get for treating Medicaid patients. It would also offer $150 million in loans to hospitals that are at risk of failing. That's in addition to the $150 million that lawmakers approved earlier this year. Newsom had originally requested a full exemption. Instead, the bill lawmakers will vote on delays the requirement until 2027. The Commission on Peace Officer Standards and Training had asked for the delay because it anticipates handling 3,400 cases each year and commissioners said they needed time to get the program up and running.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
California's new budget covers $32 billion deficit without touching reservesCalifornia Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state's tax dollars over the next year
Leer más »
California's new budget covers $32 billion deficit without touching reservesCalifornia Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state's tax dollars over the next year.
Leer más »
California’s new budget covers $32 billion deficit without touching reservesThe budget covers that deficit by cutting some spending — about $8 billion. The plan would borrow $6.1 billion and would set aside $37.8 billion in reserves, the most ever.
Leer más »
California's new budget covers $32 billion deficit without touching reservesGov. Gavin Newsom and the Democrats who control the state Legislature have agreed on how to spend $310.8 billion over the next year, endorsing a plan that covers a nearly $32 billion budget deficit without raiding the state's savings account.
Leer más »
California's New Budget Covers $32 Billion Deficit Without Touching ReservesCalifornia Gov. Gavin Newsom and state legislative leaders have reached an agreement on how to spend the state’s tax dollars over the next year. The agreement announced late Monday would spend about $311 billion. The budget covers a nearly $32 billion deficit through a combination of spending cuts, delayed spending and borrowing. The proposal includes major changes to the state’s building and permitting process. But the changes will not help push through a controversial project to build a tunnel to send water to Southern California. The budget proposal would leave the state with $38 billion in reserves. Lawmakers are set to vote on it this week.
Leer más »
Takeaways from the California budget deal between Newsom and Democratic lawmakersGov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly $32 billion shortfall.
Leer más »