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Senators press finance and LAO on Prop 98 funding and proposed UC/CSU reductions
Summary
Lawmakers pressed Finance and the LAO about a $1.6 billion hold‑back of the Proposition 98 guarantee in the governor's budget and questioned planned reductions to the University of California and California State University budgets.
Several senators pressed the Department of Finance and the LAO about the administration's decision to temporarily defer approximately $1.6 billion of the Proposition 98 minimum guarantee and about cuts and deferrals proposed for the University of California and California State University systems.
Senator Laird asked why the administration proposed funding Prop 98 at about $1.6 billion below the calculated guarantee. Finance responded that the…
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