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Thursday, June 4, 2020

Legislative Budget - Part 2

We now have somewhat more information on the assembly-senate budget proposal that presumably will now be the subject of negotiation with the governor. The documentation appears to have come from the legislature itself, rather than the LAO. You can find it at:


Like previous bits of information, it is more a listing of things that will or will not be cut rather than an overall summary. However, for UC, there is reportedly not much difference between what the governor proposed in the May Revise and what the legislature now proposes. There is a stylistic difference in that the legislature assumes Congress will come up with desired money. If it doesn't, UC will be cut. The governor's May Revise assumes no money from Congress but restores funding it Congress comes through with funding. The problem is in the details, which are not really provided.

In the larger picture, the legislature relies more on pulling down reserves and borrowing than the governor.

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