Davidson News

Davidson News

California Mulls Millions in Reparations Costs After Newsom Declares Budget Emergency

California Mulls Millions in Reparations Costs After Newsom Declares Budget Emergency

California is considering spending $12 million on reparations-related legislation following Governor Gavin Newsom’s declaration of a budget emergency. This emergency declaration allows the state to tap into its rainy day funds to address the budget deficit. At the low end, reparations bills with defined costs total approximately $4.3 million annually. However, the potential financial impact … Read more