The California State Assembly gave final approval to a budget package Friday evening, including numerous budget-related bills that further the implementation of the FY 2020-21 State Budget. The California State Senate gave their stamp of approval Thursday. The budget package is now on its way to Gov. Gavin Newsom’s desk.
The budget in its totality largely rejects the cuts proposed in the Governor’s May Revision and instead balances itself against a projected $54 billion shortfall on the potential of federal assistance, deferrals, and significant use of budget reserves. The budget-related bills reflect a provisional compromise between the Legislature and Governor in anticipation of an August revision following the reporting of state income tax receipts in mid-July.
The League will continue to fight for resources that cities need to address revenue loss related to the COVID-19 pandemic response and recovery.