The 2020-21 California state budget put forward by state leaders recognizes the challenges the state faces and meets state leaders’ Constitutional obligation to enact a balanced budget, the spending plan fails to meet many of the most urgent and basic needs of Californians: ensuring they can safely earn a living in healthy environments and provide food, housing, and health care for their families. Without bolder action, including raising additional revenues and pursuing appropriate borrowing, the enacted 2020-21 budget will exacerbate income and wealth inequality and systemic inequities that permanently leave Californians of color, undocumented residents, and households with low incomes locked out of our state’s prosperity.
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020 and provides the largest amount of fiscal relief to date – approximately $2 trillion. The CARES Act includes one-time cash rebates for low- and middle-income households; additional support for unemployment benefits; loans for small businesses; direct funding for states, local governments, and tribal communities; funds changes to food assistance in the Families First legislation; an array of additional health care supports; and some additional support for human services, housing and homelessness, and student debt relief. These federal actions are significant and needed. At the same time, millions of Californians are experiencing threats to their health and economic security, and for those excluded from the federal fiscal relief efforts, the economic hardship and health risks are particularly critical.
A Budget Center Analysis of Governor Newsom’s Proposed 2020-21 Budget: On January 10, Governor Gavin Newsom released his proposed 2020-21 budget that advances a series of commitments to some of the most pressing needs facing Californians: addressing homelessness and behavioral health, providing access to affordable health coverage, and improving paid family leave so that more workers can care for their family members. The Governor forecasts revenues that are $5.8 billion higher (over a three-year “budget window” from 2018-19 to 2020-21) than previously projected in the 2019-20 budget enacted in June, driven largely by continued economic growth.
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.
As Californians scramble to submit their personal income tax returns before the Tax Day deadline, we at the Budget Center think this is the perfect time to take stock of how the state’s tax system performs on two key parameters: its ability to raise sufficient revenue to support public services, and how fairly it raises that revenue. Tax Day is also a chance to look forward and consider key opportunities for policymakers to more equitably raise revenue and support robust new investments that advance the health and well-being of all Californians, » Read more about: Tax Day 2019: Examining California’s Progress Toward and Opportunities for Equitably Raising Revenues »
This “first look” analysis examines Governor Newsom’s proposed state budget for 2019-20, the state fiscal year beginning on July 1, 2019.
Proposition 5 would significantly expand special rules under which certain property owners can lower their property taxes. This Issue Brief examines Prop. 5 and shows that its ultimate effect would be to expand tax breaks for older, wealthier Californians at the expense of other homeowners, including those who are younger and less affluent.
This ‘first look’ analysis examines Governor Brown’s finalized state budget package for 2018-19, the state fiscal year which will begin on July 1, 2018.
More than 1 in 5 children in California live in poverty, when accounting for the high cost of living in many parts of the state. This high child poverty rate deserves attention from state policymakers. In fact, a state task force — the Lifting Children and Families Out of Poverty Task Force, established last year by Assembly Bill 1520 (Burke) — is examining the problem of child poverty in California and will develop recommendations to guide state policymakers in addressing this challenge. » Read more about: Task Force Aims to Address California’s High Child Poverty Rate — but Policymakers Can Also Act Now »