Newsom Proposes 11 Percent Cuts to Climate Budget Amid $22.5 Billion Shortfall

[Epoch-Times-Bot]

Newsom Proposes 11 Percent Cuts to Climate Budget Amid $22.5 Billion Shortfall

Faced with a $22.5 billion budget shortfall, California Gov. Gavin Newsom has slashed $6 billion from the state's proposed climate agenda budget to about $48 billion.
But even with the cuts, $48 billion is "an unprecedented investment in this space," Newsom said in releasing his proposed 2023-24 budget at a press conference on Jan. 10.
The state had initially allocated $54 billion over five years for the climate agenda in the 2021 and 2022 budget acts, according to the climate budget summary (pdf).
About $3.3 billion of the proposed cuts will affect the state's clean transportation programs. Newsom said the reason climate and transportation initiatives are on the chopping block is because of the "historic" and "unprecedented" magnitude of those budgets in the first place....

Source: Newsom Proposes 11 Percent Cuts to Climate Budget Amid $22.5 Billion Shortfall

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