On June 27, Governor Gavin Newsom signed into law the 2019-20 state budget, an agreement with state legislative leaders that makes a series of investments in creating economic security and opportunities for Californians, while also fostering the state’s fiscal health.
This “First Look” analysis examines Governor Newsom’s revised state budget proposal for 2019-20, the state fiscal year beginning on July 1, 2019, and highlights the ways it could impact low- and middle-income Californians.
This report shows that low-income households and renters are particularly affected by unaffordable housing, and highlights the fact that housing affordability is a problem in all regions of California and that many of those affected are people of color.
This report explores the federal Opportunity Zones (OZ) program, explains its structure and tax incentives, and how California’s communities may be affected. The report shows that the wealthiest investors will reap the greatest share of tax savings with OZ tax incentives, while community benefits of the program are uncertain.
This report shows that the value of the earned-income disregard (EID) in CalWORKs (which allows families to continue to receive benefits even though they have earnings from a job — up to a certain limit) has not been changed in more than 20 years, leaving families with fewer resources to make ends meet in our state.