California's early coronavirus efforts will cost $7 billion, Gov. Gavin Newsom says

[TexasTowelie]

SACRAMENTO — Budget advisors to Gov. Gavin Newsom told California lawmakers on Friday that the state’s initial efforts to combat the coronavirus will total at least $7 billion, with additional costs expected before year’s end.

The estimate, contained in a letter to the Legislature’s joint budget committee, is the first comprehensive look at the fiscal impact of responding to the pandemic. It does not include substantial costs already borne by city and county governments across the state.

“This impact is expected to be immediate, affecting fiscal year 2019-20, and will continue into fiscal year 2020-21 and additional years depending on the pace of recovery of local, state and national economies,” wrote Keely Bosler, the governor’s finance director, in the letter to lawmakers.

The Newsom administration also projected what could be record-setting unemployment in California, which topped 12.9% in 2009.

Read more: https://www.latimes.com/california/story/2020-04-10/california-coronavirus-efforts-7-billion-cost-gavin-newsom

[still_one]

1. and it would cost much more in lives and money if it was ignored

[quaint]

2. +++

[BigmanPigman]

3. That was an investment and will pay off in the future.

If CA waited to lock down the state the amount would likely be triple this amount $7 billion. This is a math lesson tRump does not comprehend.