Capitol Alert

The latest on California politics and government

Gov. Jerry Brown has signed legislation allowing the state to borrow $865 million from earmarked funds to help avoid a cash flow problem in March, Brown's office announced today.

Senate Bill 95 was approved by the Legislature on Thursday, after Controller John Chiang warned that without additional borrowing and payment delays, the state would fall into the red by March. The bill mostly involves transportation funds.

The Democratic governor signed the bill without comment.



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