State lawmakers got their first glimpse Wednesday of the compromise budget that legislative leaders and the governor agreed to last weekend. Details were released at a joint budget committee hearing. If the plan’s approved, it will end the longest budget stalemate in California history.
The proposed budget cuts spending, raises revenue and adds in federal dollars to close the $19 billion dollar deficit.
The $7 billion dollars in cuts don’t include the governor’s proposals to eliminate state-funded child care services or CalWorks, the state’s “welfare to work” program. But the budget reduces their funding and funds for home care for the elderly and disabled.
The proposed budget suspends the minimum funding guarantee for public schools. That saves $3 billion dollars.
A cut in pensions for future state workers brings in another $1.5 billion.
A billion comes from cutting inmate medical care in half.
The proposed budget delays a corporate tax break — and presents a rosier projection of state revenue.
A chunk of money in the “plus” column — $5 billion — comes from the federal government. That’s far more than what had been projected earlier this year. The proposed budget doesn’t explain the math.