RBOC is pleased that the Governor’s May Budget Revise announced today for the upcoming fiscal year that begins July 1 does not include feared revisions to the state Harbors and Watercraft Revolving Fund [HWRF] to address stated deficiencies before critical questions are addressed.
We anticipate that this issue will continue to be discussed with the boating community and could be suggested again in either the January 2021 proposal or May 2021 May revise for the state budget for the next fiscal year that will begin on July 1, 2021.
California’s boating community including RBOC and numerous boating industry associations submitted a joint letter on May 4 requesting essential information before fund deficiency solutions are advanced. proposal for the state fiscal year that will commence on July 1, of this year. For more details, see our May 4 post below.