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CA Budget Deficit a Direct Result of Coronavirus Pandemic

Posted: 5/18/2020 Tags: budget COVID-19 salary Tags Views: 1315 Print:

Governor Gavin Newsom appeared on “State of the Union”, a televised CNN program, on Sunday to discuss the COVID-19 Pandemic and the effect on the California economy. During the interview, Governor Newsom said that “the nearly $54 billion budget deficit the state is facing is a direct result of the impact from the coronavirus pandemic and not because of existing financial troubles.”

In January, Newsom projected a surplus after paying off 100% of inherited debts and pay down long-term financial obligations. However, last week Newsom revealed a revised budget deficit of $54 billion, affecting state worker’s salaries and many other state-funded programs.

Newsom, along with other western states, has asked Congress to send more financial aid to state governments. “We are not looking for charity. … It is incumbent upon the federal government to help support these states through difficult times.

Click here to read the full CNN article.




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