“In every part of California, housing is unaffordable for many people,” said Sara Kimberlin, senior policy analyst at the California Budget & Policy Center, a nonpartisan think tank based in Sacramento. “A lot of that really has to do with the fact that if you look at median rents, they have risen about 3 times as much as median annual wages over recent years. This is a problem facing all kinds of employers and certainly public sector employees.”
Scott Graves, the Director of Research at the California Budget & Policy Center, said the budget indicates Newsom’s willingness to use different policy levers to incentivize local governments toward doing their part to solve California’s housing crisis.
Gov. Gavin Newsom’s budget proposal calls for a “Working Families Tax Credit,” a dramatic expansion of the CalEITC, taking a decisive step forward on the path to economic stability. We applaud the governor for his staunch commitment to addressing affordability by prioritizing this issue in his first budget.
As Chris Hoene, executive director of the California Budget & Policy Center, noted in our earlier story, “Twitter fodder is less about reality than it is about creating tension. There are more rules in place than 280 characters can do justice.”
“Fear of recession has become the accepted mantra” in Sacramento, said Chris Hoene, executive director of the California Budget & Policy Center, a nonprofit that advocates for programs to help those in the state living in poverty. “We’re already seeing a difference in approach with this governor.”