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|January 23, 2019|
Newsom’s ‘California for All’ state budget
SACRAMENTO – (INT) - Governor Gavin Newsom submitted his 2019-20 "California for All" budget proposal to the Legislature Thursday.
He said it’s a fiscal blueprint that builds a strong financial foundation by investing an $13.6 billion in budget resiliency and paying down unfunded pension liabilities.
The Budget sets forth a series of proposals that help families confront the cost crisis through a new "Working Families Tax Credit". The Budget funds an early childhood plan, more affordable paths for higher education, brings the state closer toward health care for all, and takes meaningful steps to addressing the housing crisis.
The budget calls for universal preschool for all income-eligible four-year-old children in the state, phased in over a three-year period.
The funding guarantee for K-12 schools and community colleges in 2019-20 is $80.7 billion -- a new all-time high.
The Budget includes $1.4 billion ($942 million ongoing) for higher education to support increased enrollment, improved time to degree and a tuition freeze.
The spending plan proposes to continue to support local areas devastated by the 2018 wildfires by backfilling wildfire-related property tax losses and waiving the local share of cost for debris removal.
As to the homelessness crisis, Newsom proposed a $500 million one-time General Fund to encourage local governments to build emergency shelters and navigation centers, and $25 million General Fund ongoing to assist homeless disabled individuals in applying for disability benefits.
$25 million would also be allocated (including $5 million to be made available in the current year) for an immigration rapid response program to assist qualified community-based organizations and non-profit entities.
Story Date: January 22, 2019