Doing so would cost the state about $523 million in revenue for things like roads and bridges.
LAUSD Students Set To Return To Campuses Tuesday
But it’s possible California could again hand out stimulus checks to residents this year. Newsom said revenues are growing so quickly that the state is projected to exceed a constitutional spending limit by about $2.6 billion. If that happens, the state could give some of that money back to taxpayers.
Newsom’s proposal now heads to the state Legislature, where Democrats have majorities so large they can pass any spending plan without Republican votes. Several Democratic leaders issued statements on Monday praising Newsom’s plan but pledging to work with him over the next month on changes.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Women Are Pointing Out Things They Want Men To Stop Doing Immediately, And I Couldn't Agree More'Not participating in household chores. Be an adult. We are not your mamas.'
Read more »
Three Fed rate hikes won't be enough to combat inflation, former White House economist saysFormer Council of Economic Advisers Acting Chairman Tyler Goodspeed argues the Federal Reserve is 'so far behind the curve' that three interest rate hikes won't be enough to combat inflation.
Read more »
Here's everything to know about Gov. Newsom's proposed 2022 budget planThe budget proposal was broken down into five key areas -- the pandemic, climate change, homelessness, cost of living and public safety -- which Gov. Newsom said he sees as California's 'greatest existential threats.' Here's a quick breakdown of each category:
Read more »
Gov. Newsom unveils proposed Calif. budget with health coverage for all immigrantsCalifornia would be the first state to provide health coverage to all people, regardless of immigration status, under the budget Gov. Gavin Newsom proposed Monday.
Read more »
Newsom proposes health care coverage for undocumented CaliforniansCalifornia Gov. Gavin Newsom proposed a plan today to expand health care coverage to all low-income, undocumented Californians.
Read more »
Powell speech: Will use tools to get inflation back downFed Chair Jerome Powell, speaking at the Senate hearing for his renomination, reiterated on Tuesday that the Fed will use its tools to get inflation b
Read more »