California lawmakers approve US$500m coronavirus package
[SACRAMENTO] California lawmakers approved an emergency US$500 million spending package to help combat the coronavirus pandemic.
The money will be used to lease two hospitals, finance equipment and assist clinics, nursing homes and other facilities. Some of the funds will pay for cleaning daycare centers so they can remain open and to help stop the spread of the virus among the homeless. The legislation allows for another US$500 million appropriation if needed.
Lawmakers approved an additional measure providing US$100 million to schools and also allowing them to maintain funding levels even though many districts are closed because of the crisis.
Governor Gavin Newsom, who declared a statewide emergency Sunday, sent a letter to lawmakers Monday urging them to vote for the package.
The most populous US state has more than 335 confirmed cases of COVID-19, the disease caused by the virus, and at least six deaths. Most of the San Francisco Bay Area neared a shutdown Monday with officials telling the 6 million people who live there to stay home except for essential needs starting at midnight.
"Our state, our nation, and our world are facing a challenge unprecedented in modern times," Mr Newsom said in the letter to legislators prior to the vote. "The COVID-19 pandemic compels us all to find new ways of coming together, even as we must also seek out new ways of staying apart."
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month