Local

Governor Newsom $300.7 billion proposed budget fueled in part by massive surplus

$ 97.5 billion surplus for the world’s 5th largest economy

SACRAMENTO, CA. – As global inflation and war in Europe raise costs across the country, California Gavin Newsom proposes a $ 300.7 billion budget to provide relief from rising inflation, to ensure its security, tackling homelessness, transforming public education and combating climate change. The Governor’s California Draft includes an $ 18.1 billion inflation relief package to return money to Californians’ pockets and cut costs for families.

“Relying on a strong surplus and relying on our unwavering values, we pave the way for California to prosper and prosper for all.” “With historic investments, we are doubling our formula for success and ensuring that no one is left behind – supporting working families and businesses, tackling climate change, expanding access to health care, making our communities safer and more,” he said. Newsom. .

“Plan that paves the way for California”

  • (Download pdf) $ 18.1 billion inflation relief in direct payments to help tackle inflation, help people pay their utility bills and rent, and reduce costs such as health care and childcare.
  • (Download pdf) $ 47.1 billion commitment to climate – $ 32 billion increase this year – to tackle pollution, build climate water reserves, reduce the risk of catastrophic fires, ensure network reliability and accelerate clean energy solutions, and protect communities from extreme heat.
  • (Download pdf) $ 660 million to ensure public safety with funding for young officers and mental health support for law enforcement, support for victims sex traffickingtackling cybercrime against children and tackling it opioid crisis.
  • $ 14.7 million to deal with homeless and the mental health crisis with investments to help people get out of our way and get the services and care they need, with a particular focus on Californians suffering from mental health and substance use disorders.
  • $ 37 billion to rebuild California with money for infrastructure, including broadband and new housing, as well as a historic $ 128.3 billion investment in transforming public education.
  • (Download pdf) Billions of dollars to invest in Californians and the agenda for the Governor’s life, including funding for:
    • Improve our education systems with universal preschool, after school and school meals. and expanded, more affordable childcare
    • Make healthcare more accessible and affordable through Medi-Cal expansion and subsidies, increased access to reproductive healthcare, home visits and support for black baby health, youth mental health and prevention suicides and dealing with adverse childhood experiences.
    • We clean up our environment by tackling pollution, especially in disadvantaged communities that suffer the most from its effects.
    • Make sure our communities are safe with violence prevention programs, extensive weapons acquisition programs, and removing fentanyl and other opioids from our streets.

Driven by 7.8% GDP growth, Blueprint has a $ 97.5 billion surplus. The governor’s proposal ensures that this year’s spending will not hamper future budgets, asking for $ 37.1 billion in reserves, including $ 23.3 billion for the state’s Rainy Day Fund, and spending $ 94 percent of the cost overhead.

For more information on these and other items at Blueprint California, visit www.ebudget.ca.gov.

Related

Governor Newsom $300.7 billion proposed budget fueled in part by massive surplus Source link Governor Newsom $300.7 billion proposed budget fueled in part by massive surplus

Related Articles

Back to top button