Billions in cuts proposed as California revenue plunges
ADAM BEAM
Associated Press
SACRAMENTO (AP) — California Gov. Gavin Newsom proposed $14 billion in budget cuts on Thursday because of the coronavirus, with more than half coming at the expense of public schools already struggling to educate children from afar during a pandemic.
The cuts are part of a plan to cover a $54.3 billion budget deficit caused by plummeting state revenues after a mandatory, statewide stay-at-home order forced most businesses to close and put more than 4.7 million people out of work.
Thursday, Newsom proposed to fill that hole through a combination of cuts, tax increases, canceled spending, internal borrowing and tapping the state's reserves. It also includes a 10% pay cut for all state workers, including the governor himself. Overall, the $203 billion spendin