Central Coast News KION/KCBABudget Committee Passes Bill to Borrow

Budget Committee Passes Bill to Borrow

SACRAMENTO, Calif.- Central Coast Assemblyman Luis Alejo's office just told Central Coast News Senate Bill 95 was passed in the Assembly Budget Committee.

Alejo was one of the 18 votes for the bill, there were six rejections.

SB 95 would enable $865 million of borrowing from existing state accounts.  No word yet on which accounts.

The bill heads to the Assembly floor next, and should be heard on Thursday.

This was one of the proposals State Controller John Chiang proposed to keep California out of the red come March.