This Budget Center chartbook examines recent years’ state cuts to the Supplemental Security Income/State Supplementary Payment (SSI/SSP) grants and the implications for low-income seniors and people with disabilities.
On January 9, Governor Jerry Brown released his proposed 2015-16 state budget. The Governor proposes to spend $113.3 billion from the state’s General Fund in 2015-16, an increase of $1.6 billion (1.4 percent) over the estimated spending level for the current fiscal year (2014-15). Yet, even with increased revenues and a continuing economic recovery that has yet to reach many Californians, the Governor prioritizes fiscal austerity over investing in broadly shared prosperity. While the Governor’s proposed budget includes longterm plans for paying down budgetary debt and saving for a rainy day, it lacks a similar vision for reinvesting in people and communities and ensuring that all Californians share in the state’s economic gains.
This updated guide describes the budget process and timeline and looks at the roles of the Governor, the Legislature, and other key players.
A new CBP report discusses the benefits of establishing a California Earned Income Tax Credit (EITC) and the key policy considerations in creating this state credit.
Proposition 2, which will appear on the November 4, 2014 statewide ballot, would amend the state Constitution to substantially revise the rules for the state’s existing rainy day fund, require state policymakers to pay down certain state liabilities each year for 15 years, and create a new state budget reserve for K-12 schools and community colleges. This Budget Brief provides an overview of this ballot measure and the policy issues it raises. The California Budget Project (CBP) neither
supports nor opposes Proposition 2.