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Billions in cuts proposed as California revenue plunges

05/15/2020 9:12 AM | Margaret Fulton (Administrator)

Reflecting the financial hit California is already seeing from the coronavirus pandemic, Gov. Gavin Newsom on Thursday proposed cutting $6.1 billion from a variety of programs in a state budget he says prioritizes education, health and safety.

Newsom’s 2020-2021 budget estimates unemployment will climb to nearly 25 percent and overall tax revenues will drop by about a quarter, he said. It also calls for a 10% pay cut for all state workers.

Read More: https://www.smdp.com/billions-in-cuts-proposed-as-california-revenue-plunges/191010

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