![]() ![]() Reducing spending on housing also drew alarm. “In this tight economic moment, we hoped for a more courageous proposal including solutions like a robust climate bond and ending corporate handouts,” Mary Creasman, CEO of California Environmental Voters, said in a statement. However, some groups focused on climate and the environment are pushing back, criticizing Newsom’s proposed cuts and delays of $4.8 billion to various spending commitments. “We are relieved that Governor Newsom isn’t addressing the state budget deficit by mortgaging the futures of our students of color and multilingual learners,” Rachel Ruffalo, a senior director at the education advocacy group EdTrust-West, said in a statement. ![]() $5.7 billion in internal borrowing from special funds to support the tax on health care providers.īut he said he wants to protect investments in addressing homelessness, mental health reform, and public safety.Īnd major advocacy groups representing a range of interests - including public health, public school teachers, social service workers and regional transit agencies - thanked Newsom for recommending a spending plan that spares deep reductions to state services.And deferring another $2.1 billion to 2025-26, including about $500 million in additional funding for University of California and California State University.Delaying $5.1 billion worth of spending.Cutting $8.5 billion from existing programs and services, including climate, housing and education.Withdrawing $13.1 billion from the budget stabilization and safety net reserve accounts.Newsom’s plan to close the deficit includes: “We’re just a little less pessimistic,” said Newsom, who repeatedly criticized the news media’s reporting on the Legislative Analyst’s Office’s figure. Basically, the administration is less concerned than the analyst’s office about an impending recession, added Joe Stephenshaw, Newsom’s budget director. Crucially, Newsom’s team is assuming $15 billion more in revenues than the legislative analysts, explaining much of the difference in forecasts, based on the resilience of the economy. ![]()
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