California Budget Agreement

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The reinstatement of the trigger would be proportional if the federal government released less than $14 billion in landfills. An estimate by the Newsom administration shows that the final agreement is based on solutions that will reduce the projected deficit to $US 5 billion in the fiscal year that begins in the summer of 2021. the statutory budget would have left a deficit of $13.5 billion. Legislative sources say the final deal is closer to the seatholders` budget approved by lawmakers on June 15 than Newsom`s May revision, with one caveon: it doesn`t get as much money out of the Rainy Day fund as lawmakers originally proposed, but instead budget for the roughly $20 billion in reserve funds over several years. as recommended to Newsom.

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