Lawmakers voted to place a pair of $10 billion bonds on the November ballot.
FILE – Assemblymember Al Muratsuchi, D-Torrance, speaks on a bill before the Assembly at the Capitol in Sacramento, Calif., Thursday, June 1, 2023. California lawmakers will decide whether to place a pair of $10 billion bonds on the ballot this November. SACRAMENTO, Calif. — Mired in a stream of multibillion-dollar budget deficits, the California Legislature on Wednesday turned to voters for help.
But the money isn’t free. The climate bond alone will cost taxpayers more than $19 billion to pay off, with annual payments of $650 million per year, putting more pressure on the state’s finances. In addition to the two statewide ballots, voters will likely be asked to approve hundreds of local borrowing proposals — including arejected a $15 billion education borrowing proposalauthorizing the state to borrow more than $6 billion to help house the homeless — a result widely seen as a warning for lawmakers who were considering taking on more debt.
“Why do you go to the voter? You go to the voters to do investments that move us ahead that single allocations from the budget can’t afford,” Democratic state Sen. John Laird said. Negotiations over the education bond have been ongoing for nearly two years, and the final result did not please everyone. Money from the bond would only apply to public schools and community colleges, excluding the University of California and the California State University systems.
Muratsuchi said the bond would make it easier for districts to qualify for the state’s financial hardship program and would help districts with fewer resources navigate the complex process of applying for state grants.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
California Legislature likely to ask voters to borrow $20 billion for climate, schoolsCalifornia lawmakers will decide whether to place a pair of $10 billion bonds on the ballot this November. The bonds would pay to build and repair school buildings and help communities prepare for the impacts of climate change. Money from the bonds would backfill some recent budget cuts and pay for a slew of new projects for years to come.
続きを読む »
California’s $20 minimum wage led to fast food price hikes, lower customer traffic, study showsSince California's new minimum wage law went into effect on April 1, menu prices at fast food restaurants has surged and foot traffic has slowed, according to new data.
続きを読む »
Hollywood Arby's closes after 55 years over California's $20 minimum wage“With inflation, food costs have gone way up and the $20-an-hour minimum wage has been the nail in the coffin,” said general manager Gary Husch.
続きを読む »
California: $20 Billion Potential Savings from Targeted ElectrificationClean Tech News & Views: EVs, Solar Energy, Batteries
続きを読む »
Report: 10,000 California Fast Food Jobs Cut Due to $20 Minimum WageSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
続きを読む »
New members can get a one-year BJ’s membership with Easy Renewal for $20Join BJ's as a new member and get a one-year BJ's membership with Easy Renewal® for just $20. Act now while supplies last.
続きを読む »