On January 8, 2021, Governor Newsom released information regarding the California state budget proposal for Fiscal Year 2021-22. A District-wide announcement was sent on behalf of Adil Ahmed, Interim Vice Chancellor of Finance & Administration, to provide employees with some of his preliminary thoughts on the proposed budget.
The Governor’s January 8th Budget proposes to buy down a significant portion of the 2020-21 deferrals. That is good news for us as it potentially eases some of the pressures around cash flow management.