Federal Policy Changes Threaten the Well-Being of Older Californians

key takeaway California’s state budget reserves, including the “rainy day fund” and other reserve accounts, serve as a financial safety net for services like education, health care, and child care during economic downturns. The rules for depositing and withdrawing funds are complex, and policymakers should consider reforms, such as excluding reserve deposits from the Gann … Continued

Every Californian deserves quality education, health care, well-paying jobs, and the resources to build a secure future — and sustained public investment is how we get there. Recent experience shows that such investments are possible with voter-approved, progressive reforms that strengthen and expand California’s revenue base. In 2012, California voters asked the state’s highest earners … Continued