This May Revision stands in stark contrast to the budget of one year ago when COVID-19 first threw the Governor's budget proposal into disarray. Compared to a projected budget deficit of $54 billion a year ago, the state now has a projected $75.7 billion surplus. Combined with over $25 billion in federal relief, this supports a $100 billion California Comeback Plan—a once-in-a-lifetime opportunity to not only speed the state's recovery from the pandemic, but to address long-standing challenges and provide opportunity for every California family—regardless of their income, race, or ZIP code.
In this blog post, we will go over key investments in:
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Education: including childcare, higher education and a new “14th” grade established by the creation of universal transitional kindergarten.
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Housing & Homeless: A $9.3 billion package for housing and $6.8 billion for homelessness.
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Health & Human Services: including the brand new expansion of Medi-Cal to undocumented seniors aged 60 and over.
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Golden State Stimulus & Rent Relief: $8 billion in Golden State Stimulus payments to Californians earning less than $75,000 annually, including to immigrants who are undocumented. $5.2 billion for emergency rental assistance and back rent owed by Californians with low incomes.
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Emergency Preparedness & Responses, Small Business Relief, and more!