California will use surplus cash, delay school funds in $202.1-billion budget sent to Newsom

California lawmakers sent a $202.1-billion state budget to Gov. Gavin Newsom on Friday, a spending plan crafted to erase a historic deficit triggered by the coronavirus crisis that relies heavily on cash reserves and a multiyear payment plan to meet funding obligations to public schools.

The final votes in the Assembly came after passage by the state Senate on Thursday night, reflecting the agreement reached between Democratic legislative leaders and the governor earlier in the week. Newsom is expected to sign the budget bills into law as soon as Monday and beat the deadline for the start of the state’s new fiscal year on Wednesday.

“We’re in the midst of a global crisis and a pandemic,” Assemblyman Kevin McCarty (D-Sacramento) said. “And the choices we have to make here are not perfect.” Click here to read more: https://www.latimes.com/california/story/2020-06-26/california-will-use-surplus-cash-delay-school-funds-in-budget-sent-to-newsom?utm_source=sfmc_100035609&utm_medium=email&utm_campaign=News+Alert%3a+California+will+use+surplus+cash%2c+delay+school+funds+in+%24202.1-billion+budget+sent+to+Ne&utm_term=https%3a%2f%2fwww.latimes.com%2fcalifornia%2fstory%2f2020-06-26%2fcalifornia-will-use-surplus-cash-delay-school-funds-in-budget-sent-to-newsom&utm_id=9026&sfmc_id=2420175