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SACRAMENTO, Calif. (KGTV) -- California State legislators announced Wednesday that they have agreed to reverse the proposed cuts in education in next year's budget, assuming that the federal government will step in with a stimulus package. Last month, Governor Gavin Newsom said the coronavirus pandemic resulted in a billion shortfall, which included an billion cut in education. But on Wednesday, Senate pro Tempore Toni Atkins announced in a joint statement:"Acknowledging the strong likelihood of additional federal relief, the plan would use reserves to avoid overcutting now, while still keeping reserves on hand for the future, and ensuring full funding of k-14 schools.""We are tremendously encouraged by the news that we are hearing," San Diego Unified School District Superintendent Cindy Marten said. But school board vice president Richard Barrera said that is only the first step.The San Diego Unified School District serves its 105,000 students on a .3 billion annual budget. But with challenges mounted by the pandemic, Barrera said they would need at least 0 million more to reopen schools safely. "We'll need more staff, more nursing support, more counseling support, more custodial support to clean the classrooms regularly, and physical protective equipment for the staff," Barrera said. Barrera added, with less federal funding, the longer students will have to continue distance learning. But Marten said other factors also contribute to a full reopening come fall. "Starting school back up again, it's not going to be a flipping of a switch. It's a dimmer switch because there are different models. There's a money side to it, there's a health guideline side to it, and their personal preference side to it," Marten explained. Some students with compromised immune systems will continue to require robust distance learning. But the district's goal is to return to a mostly in-person teaching curriculum. "The whole country knows that we need our schools open," Marten said. "It gets the economy up and running again. It allows parents to go back to work. But more importantly, it gets kids the education they need so that there is not that additional learning loss that students have already endured because of this pandemic."State legislators have until June 15, 2020, to finalize the budget proposal. Based on that, the San Diego Unified School District will build its annual budget by June 30, 2020. 2445

SAN DIEGO -- Qualcomm announced Tuesday that the company reached an agreement to purchase Dutch chipmaker NXP Semiconductors.One of Qualcomm’s subsidiaries will pay 7.50 per share for all outstanding shares of the company.Boards from both companies agreed on the deal which is contingent upon 70 percent of NXP’s shares being tendered. RELATED: Qualcomm rejects Broadcom's 'best and final' offer"The acquisition of NXP will enable us to accelerate our growth strategy," said Qualcomm board member Tom Horton. "The board unanimously believes this is an attractive acquisition at this price for Qualcomm stockholders based on NXP's recent strong financial performance, the growth in key strategic areas such as auto and (the internet of things) and our high confidence in management's ability to execute upon the synergy opportunities."The billion deal comes one week after leaders of Qualcomm met with Broadcom executives to discuss a 6 billion buyout.RELATED: Broadcom submits 'best and final' offer in attempt to acquire San Diego-based QualcommQualcomm has rejected buyout offers from Broadcom twice. Broadcom said during the last talks between the two companies that this was its “best and last offer” to purchase Qualcomm.Officials with Qualcomm cited low per-share price and lack of assurance from Broadcom that it would do everything it could to ensure the deal would pass regulatory scrutiny. 1432

SAN DIEGO — An aging shopping center right across from one of San Diego's most luxurious could be in for a major revitalization project.The 31-year-old Costa Verde shopping center is right across from the modern Westfield UTC. The center, at the corner of Genesee and Nobel, serves the community with grocery stores, places to eat, exercise, and get gas and dry cleaning. However, it has several vacancies and there are always empty parking spaces. Now, it appears to be in for a major overhaul that would help it fit right in with Westfield UTC. Owner Regency Centers is moving toward tearing down the entire mall, except for the McDonalds and gas station/car wash on the southwest end. It would then rebuild the retail portion, with the same community serving stores. But, this time, it would add a 200-room business hotel, and 400,000 square-feet of biotech office space, partnering with Alexandria Real Estate."The neighborhood is the most dynamic neighborhood, not only in San Diego County, not only in Southern California, not even on the west coast," said John Murphy, who is leading the project for Regency Centers. "It is one of the most dynamic pieces of property in the country."The San Diego Planning Commission unanimously recommended the project for approval Thursday. It will next go before the City Council, likely in October. If all goes as planned, ground could break in 2021, with the retail portion ready by the holidays of 2023. 1458

SAN DIEGO (CNS) - A 22-year-old man was fatally stabbed during a fight in the College Area, police said Thursday.The stabbing was reported shortly before 7:35 p.m. Wednesday at a home near 71st Street and Mohawk Street, about two blocks north of El Cajon Boulevard, San Diego police Lt. Matt Dobbs said.Officers responded and found a man suffering from at least one stab wound to his upper torso, Dobbs said. The victim, whose name was withheld pending family notification, was taken to a hospital, where he was pronounced dead at 8:56 p.m. Wednesday.Investigators determined the victim was hosting a gathering at the residence when some a disagreement began, prompting the him to ask people to leave, the lieutenant said. About 30 minutes later, some of the attendees returned and a fight broke out, during which the victim was stabbed.The suspects drove off in two vehicles, one described as a silver sedan and the other as a tan- or gold-colored sedan, Dobbs said.No detailed descriptions of the suspects were immediately available. 1043

SAN DIEGO (CNS) - A former Wells Fargo personal banker accused of involvement in a Tijuana-based international money laundering organization that operated primarily in San Diego made his initial appearance in U.S. District Court today after his arrest Wednesday.The apprehension of 30-year-old Luis Fernando Figueroa marks the latest in a string of indictments and arrests tied to the money laundering organization, federal authorities said.Figueroa, of Tijuana, is charged with conspiracy to launder monetary instruments and operation of an unlicensed money transmitting business.Between January and March of this year, seven leaders of the organization were charged and arrested in San Diego. To date, five of the charged leaders have pleaded guilty.According to the indictment and other public records, the organization laundered approximately .6 million in narcotics proceeds on behalf of Mexican-based drug trafficking organizations, including the Sinaloa Cartel, between 2014 and 2016.Prosecutors said the money laundering organization recruited individuals to serve as "funnel account holders" and open personal bank accounts at Wells Fargo Bank and other banking institutions.Other members of the money laundering organization, known as "couriers," traveled to San Diego, Los Angeles, the East Coast and other U.S. cities, where they picked up and transported amounts of bulk cash ranging from thousands to hundreds of thousands of dollars in drug proceeds.Money was deposited in funnel bank accounts controlled by the money laundering organization and maintained at Wells Fargo and other financial institutions. Subsequently, the funds were transferred to a series of Mexico-based shell companies operated by the money laundering organization. Once in Mexico, the funds were transferred to members of the Sinaloa Cartel. 1840