It is not a good looking budget situation. We are looking at something around a $20 to $25 billion decline in revenues from last year could be higher if there's a recession. The governor is predicting something like 18 billion, and he just introduced his budget back a little earlier this month. The legislative analyst's office, which is our nonpartisan analyst, predicts it might be a little higher, probably around 25 billion. So that's kind of the range we're looking at right now. The governor's budget does not propose any major cuts. (20:08–20:23)
CLAIM
Asserts that the governor predicts an $18 billion decline in revenues, while the legislative analyst's office predicts around $25 billion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
