SACRAMENTO, CA — The California Budget & Policy Center, a nonpartisan research and analysis nonprofit, released the following statement by executive director Chris Hoene in response to this morning’s release of Governor Gavin Newsom’s revised budget proposal:
“Despite the growing shortfall, the governor’s revised budget proposal manages to protect and maintain much of the progress made in prior years to help improve economic security and opportunities for Californians with low incomes, including investments in health care and behavioral health, safety net and cash assistance programs, homelessness and housing, and cradle-to-career education.
“Each year the state budget provides state leaders with an opportunity to fund the vision of California they aspire to create. Yet, the governor’s proposal misses an opportunity to consider additional revenues, as outlined in the state Senate’s budget plan, to make the ongoing investments we know Californians want and need. The Senate’s proposal for a graduated corporate tax should be taken seriously by any state leader committed to a more fair tax system and prioritizing the California people over large and profitable corporations.
“Budget shortfalls should not be addressed solely through spending solutions. State leaders have other tools, including raising revenues, to protect and continue to make progress toward a more equitable California.”
Virtual Event: Join us on Thursday, May 18th at 1 p.m. as Budget Center policy experts explore how the governor’s budget proposals adapt to the challenges facing the state and support the well-being of all Californians. Registration is required.