Gov. Gavin Newsom wants to delay state funds to student housing because of the state’s budget deficit. Lawmakers have different ideas on what kind of compromise might be reached.
, lawmakers and Newsom nearly tripled last year’s budget for the housing grant program, in part by advancing money from future budgets, ultimately greenlighting the construction of roughly 7,300 affordable residencies for low-income students.projected across several years, the state spending more to approve a larger number of projects isn’t likely this year.
UC also saw costs grow but they’re paying for those internally, a university official told lawmakers yesterday. A court rulingCosts rising quickly is another reason some lawmakers don’t want to delay building student housing. It’s likely “that delays will increase costs and lessen the number of beds projects can deliver,” staff for theLawmakers also considered whether the state should fund the no-interest loan program rather than the housing grants for the upcoming year.
McCarty also suggested that the state should pass on funding the dorm plans that community colleges submitted this year because they “aren’t ready for prime time.” He said the state could supply community colleges the money in 18 months to two years.
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