In an effort to meet the Governor’s timeline to pass a budget, the Legislative Conference Committee adopted a budget plan yesterday that includes a balanced mix of cuts and revenues to close the $26.5 deficit and provide a $1.1 billion reserve. Specifically, the Conference Committee’s budget has $12.5 billion in cuts, $12 billion in revenues and $3.2 billion in other solutions to address the $27.7 billion budget deficit. The Conference Committee spending plan embraces the Governors budget priorities, including:
- Protects K-12 Education from devastating cuts on top of the massive cuts of recent years;
- Makes very tough cuts to all other areas of the budget, including the elimination of Redevelopment Agencies, cutting CalWORKs to 48 months and slashing grant levels, and cutting higher education by $1.4 billion;
- Realigns Governmental services to the local level; and
- Requires temporary extension of current revenues to be approved by the voters.
K-12 education was spared cuts by Governor Brown, contingent on Continue reading “Legislative Conference Committee Adopts Budget Plan”