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Wednesday, 17 July 2024

California lawmakers finish work closing $54B deficit

Credit: KTXL
Duration: 01:16s 0 shares 1 views

California lawmakers finish work closing $54B deficit
California lawmakers finish work closing $54B deficit
Ashley Zavala reports

THE SPENDING PLAN ONLYDELAYS FUTURE REDUCTIONS BYBURLY EXPENSES, FOX FORTY'SASHLEY ZAVALA HAS THE DETAILS.WHAT WE'RE ALL.THE CALIFORNIA ASSEMBLYGIVING FINAL APPROVAL FOR THESTATE BUDGET AIMING TO CLOSETHE GAP ON A $54 BILLIONDEFICIT THE BILLION SPENDINGPLAN PASSED ON A 57 TO 16VOTE.

THIS IS GIVEN AS ABUDGET THAT WILL CONTINUE TOPROVIDE IMPORTANT SUPPORT.FOR VULNERABLE CALIFORNIANSAT A DIFFICULT TIME.THE BUDGET DELAY SPENDINGFOR SCHOOLS AND HEALTH CAREPROGRAMS TO AVOID CUTS INTHOSE AREAS AND TEMPORARILYINCREASES SOME TAXES IT ALSOAPPROPRIATES ANOTHER MILLIONFOR THE GOVERNOR TO SPEND ONCORONAVIRUS RESPONSE BUT THEPLAN MAKES CUTS TO STATEWORKER PAY COLLEGES COURTS ANDHOUSING PROGRAMS, SOME OFTHOSE DOLLARS COULD BERESTORED IF THE FEDERALGOVERNMENT STEPS IN WITH ATLEAST $14 BILLION IN AID BYOCTOBER 15TH, THIS BUDGET ONLYDELAYS THE INEVITABLE.WE WILL HAVE TO COME BACKAGAIN TO PLUG ANOTHER BUDGETDEFICIT BECAUSE WE DIDN'T DOWHAT WE'RE SUPPOSED TO DOGOVERNOR GAVIN NEWSOM DECLAREDA BUDGET EMERGENCY ALLOWINGTHE LEGISLATURE TO DRAW MONEYFROM THE STATE'S RAINY DAYFUND.

THE GOVERNOR WEIGHED INON THE BUDGET SITUATIONFRIDAY.WHAT I BELIEVE IS ARESPONSIBLE BUDGET UNDER THEHISTORICALLY DIFFICULTCIRCUMSTANCES THEY'VE BEENPRESENTED THE STATE NEWSOMECONFIDENT MORE FINANCIAL HELPFROM THE FEDERAL GOVERNMENT ISON THE WAY IN SACRAMENTO,

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