California Legislature votes to ask voters for permission borrow $20 billion for climate, schools ...Middle East
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SACRAMENTO, Calif. (AP) — Mired in a stream of multi-billion dollar budget deficits, the California Legislature on Wednesday turned to voters for help. Lawmakers voted to place a pair of $10 billion bonds on the November ballot. If approved, the money would pay for the building of new schools and help communities prepare for the impacts of climate change. California was swimming in money just a few years ago as budget surpluses totaled well over $100 billion through the pandemic. But the state had to slash spending to cover deficits totaling more than $78 billion over the past two years as revenues declined amid rising inflation and an economic slowdown in the state’s pivotal technology indu
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