US EditionDemocratic Lawmakers Reach a California Budget Agreement. Here Are 5 Takeaways
- California legislative leaders announced a budget proposal today to address the state's $12 billion expected deficit.
- The plan addresses the $12 billion deficit by utilizing $7.8 billion through state fund loans, implementing $3.5 billion in spending reductions, and postponing $1 billion in payments.
- Lawmakers seek to restore Middle Class Scholarship funding to around $900 million and oppose major cuts to Medi-Cal and public universities.
- Ending Medi-Cal coverage for seniors with assets over $2,000 would cut about 112,000 seniors by mid-2027, but lawmakers propose raising the asset limit to $130,000.
- The Legislature must act by June 15 to approve the budget but is anticipated to pass temporary legislation and keep negotiating with the governor throughout the year.
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18 Articles
California budget deal spares cuts to health and education
California Legislature Counters Governor’s Revised Budget, Scaling Back Spending Cuts - The Thinking Conservative
California legislature announced its own version of the state’s budget in addressing the state’s $12 billion deficit, scaling back cuts proposed by Newsom. The post California Legislature Counters Governor’s Revised Budget, Scaling Back Spending Cuts appeared first on The Thinking Conservative.
California Legislature Counters Governor’s Revised Budget, Scaling Back Spending Cuts
The California legislature on June 9 announced its own version of the state’s budget in addressing the state’s $12 billion deficit, scaling back spending cuts proposed by the governor. “The two houses reversed some of the most devastating proposed cuts to health care and social service access for millions of families, while making the tough decisions needed to reduce costs and balance the budget,” read a joint statement by Assembly Speaker Rober…
Lawmakers, Newsom are billions apart on cuts to health care, education and more
California legislative leaders announced Tuesday that they reached a budget proposal to address the state’s $12 billion expected deficit, leaning heavily on borrowing from other state funds to continue providing social services rather than making the deep cuts Gov. Gavin…
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