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|July 9, 2020|
California budget said “balanced and responsible”
SACRAMENTO – (INT) – California’s trimmed down 2020-21 proposed budget appears to be in the final stage.
Governor Newsom, Senate President pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon announced Monday that they have reached an agreement on budget.
In a joint statement, they agreed “The COVID-19 global pandemic has caused a sudden and dramatic change in our state’s economic outlook. California was better positioned for this sudden change than at almost any time in its history, building out record reserves. Even still, the size and scope of the pandemic and the accompanying economic crisis have been unprecedented.”
The three added “We have agreed on a budget that is balanced, responsible and protects core services – education, health care, social safety net and emergency preparedness and response. This budget also invests in California small businesses harmed by the pandemic. "This agreement reflects our shared commitment to supporting schools.”
They said the budget required some tough decisions and more work remains ahead. But that those were necessary steps for keeping California on firm fiscal footing.
Story Date: June 30, 2020