Discover and read the best of Twitter Threads about #cabudget

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A brief #cabudget thread on a notable non-event... not enough for a story but, hey, enough, for Twitter.

In short: today's the day by which the June budget deal hoped additional federal coronavirus relief funds would come in.

And as everyone knows, that didn't happen.
There were 2 viewpoints about how to deal with the need for more federal help when @GavinNewsom projected a $54B deficit in the springtime, a shortfall spanning two fiscal years: write a budget assuming the feds would come to the rescue... or... write one assuming they wouldn't.
CA Senate Dems preferred to assume the money would come, but to insert automatic cuts to schools and more to be triggered ON if the feds failed.

Newsom balked at that, insisting the cuts take effect immediately and could be triggered OFF if fed money arrived by 10/15 -- today.
Read 8 tweets
With no indication yet of whether #CABudget deadline day ends with a deal or a pro forma vote and ongoing talks between Newsom and legislative Dems, there's this thorny issue: the budget bill to be voted on today assumes a gubernatorial action that hasn't happened. (Thread)
The main #CABudget bill, #SB74, relies on the use of cash reserves from the state's "rainy day" fund. But under the provisions of Proposition 2 (2014), those funds can't be used without a gubernatorial declaration of a budget emergency. But... wait for it...
There's been no such emergency declared by Newsom.

An agreement on a budget plan could easily include such a proclamation. But suppose there's no deal today?

While #Prop25 only required a budget bill to be passed by midnight, this is the first time #Prop 2 cash is being used.
Read 5 tweets

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