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California Legislature OKs Placeholder Budget as Talks With Newsom Continue

from San Francisco Chronicle

California Legislature OKs Placeholder Budget as Talks With Newsom Continue San Francisco Chronicle California lawmakers approved a placeholder budget Monday as negotiations continued with Gov. Gavin Newsom over how to close a projected $54.3 billion deficit that has opened up during the coronavirus pandemic. Despite a constitutional requirement to pass a balanced budget by June 15 or go without pay, the Legislature was unable to reach a deal with Newsom, who must sign or veto the bill.  READ MORE

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