Budget Update

Marie Waldron
Marie Waldron. Valley News/Courtesy photo
Assemblymember Marie Waldron, Special to Valley News When the COVID-19 pandemic struck, state revenues began to plummet, while spending on unemployment insurance and social programs increased exponentially. The result – our $21 billion surplus suddenly transformed into a $54.3 billion deficit. The budget that passed June 15 was the beginning of discussions between the governor and the Legislature over a series of trailer bills that implement the budget. Questions remained about how to maintain California’s fiscal solvency without the proposed deep cuts to education, public safety and safety net programs that were on the chopping block. Fortunately, an agreement was reached avoiding many of these cuts, at least for now. I am concerned about some of the budget’s prioritie
Subscribe or log in to read the rest of this content.