Also, if the crime is serious enough, the judge can rule to not release at all. One of the screaming points for conservatives in the state is that rapists and murder suspects are just going to be allowed to go free, which is not true at all. There is a list of serious crimes in the statute that judges are granted heavy discretion over in regards to whether the defendant should actually be released.
ALSO, think of this as a way to combat recidivism. One of the reasons people continue to commit crimes even when they’re incarcerated because they can’t afford bail is because they lose their jobs. They end up in jail for a week or more and don’t show up to work, they lose their job that was likely hard for them to get in the first place. It’s a major part of the prison industrial complex and the Right’s war against the poor. Ending cash bail takes away a major component of that.