California governor and lawmakers face a multibillion-dollar deficit, but don’t really know how big it will become
, planning to pass it on Thursday to meet the constitutional deadline. It uses Newsom’s more optimistic revenue projection, rather than Petek’s, and would boost spending from $306.5 billion in Newsom’s budget to $311.7 billion.from being docked if the June 15 deadline was ignored — Newsom and legislative leaders will finalize a revised version.
Another biggie is the demand of local governments for billions of dollars in ongoing aid to support homelessness programs — something that neither Newsom nor the Legislature is willing, so far, to provide. Newsom has been critical of what he calls lackluster efforts by local officials while they say they need dependable streams of revenue to be more effective.
“This means that, if the Legislature adopts the governor’s May revision proposals, the state very likely will face more budget problems over the next few years,” Petek warned.
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