Surplus money delays CA budget deal between Newsom, lawmakers
California’s fiscal year started more than a week ago, but lawmakers and Gov. Gavin Newsom still don’t have a budget deal. They’ve enacted placeholder legislation to keep the government running while they hash out the final details, but the delay leaves Californians waiting for details on how money for critical areas including wildfires and infrastructure will be spent. It’s a different situation than the budget stalemates of past decades, when state government had to cut deals with banks to ensure state workers were paid even as budget negotiations dragged into the fall.
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