California’s Budget Crisis: Governor and Democrats Plan April Action Amid $38 Billion Debt
Discord Over Cuts as State Leaders Struggle to Agree – California’s Budget Crisis
California is facing a big problem with its money called a Budget Crisis with at least $38 billion in debt, according to Los Angeles Times published article. Governor Gavin Newsom and other top Democrats have made a plan to start fixing it in April. But here’s the catch they haven’t agreed on exactly how much money to cut only giving a range from $12 billion to $18 billion. They’ll talk more about where to cut next month.
The plan is to start cutting early by taking back money that hasn’t been spent yet delaying some programs and spending less money on others. The Senate has its own idea to cut $17 billion from the debt but the Assembly where Democrats have more say hasn’t fully gotten on board yet. It’s a tough situation because California hasn’t seen a money problem this big before.
California’s Budget Crisis: Governor and Democrats Plan April Action Amid $38 Billion Debt. (photo: Bloomberg.com)
Lawmakers Under Pressure to Resolve California’s Budget Crisis Before Recess
As lawmakers get ready for a break and they’re feeling the pressure to figure things out fast. The budget crisis is a huge challenge especially for Democrats who are in charge. Everyone’s waiting to see what concrete steps they’ll take to fix the money problem. These next few weeks are going to be really important for California finances.
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