Gov. Gavin Newsom and California lawmakers agreed to a $310.8 billion budget deal that will reduce investments in climate change and delay funding for kindergarten facilities to offset a nearly $32 billion shortfall.
Gov. Gavin Newsom and Democratic legislative leaders on Monday agreed to a $310.8-billion budget spending plan that will reduce investments in fighting climate change and reflects a compromise on the governor’s last-minute proposal to speed up infrastructure projects across California.
Newsom threatened to veto the Legislature’s budget priorities over the last week unless they approved his infrastructure plan. The two sides ultimately settled on a deal that removes the delta tunnel project from the package but retains measures to reduce delays to other major projects due to legal challenges under California environmental law.
California’s budget deficit complicated negotiations at the state Capitol, where financial analysts expect tax collection to fall nearly $32 billion short of the money allocated for state programs.The governor and leaders of the Democratic-led Legislature agreed to delay nearly $8 billion in spending, including the allocation of $550 million to construct facilities for transitional and full-day kindergarten programs.
Here’s what you need to know in six key areas of the 2023-24 budget spending plan, which takes effect Saturday:Newsom’s plan to streamline the process of building infrastructure in California was the most hotly contested policy proposal in budget negotiations.
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