Gov. Gavin Newsom and state legislative leaders announced an agreement on a state budget framework for the coming fiscal year, which begins Friday.
According to Newsom, Senate President pro Tem Toni Atkins, D-San Diego, and Assembly Speaker Anthony Rendon, D-Lakewood, the budget framework includes a $17-billion funding package that will provide direct payments of up to $1,050 to taxpayers in an effort to reduce the burden of inflation.
The agreement would also temporarily suspend the state’s tax on diesel fuel and offer additional funding for those who are behind on their rent and utility payments.
“California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets of millions of Californians who are grappling with global inflation and rising prices of everything from gas to groceries,” Newsom, Atkins and Rendon said in a joint statement.
The framework includes more than $200 million in funding for reproductive health care and nearly $50 billion in multi-year funds for infrastructure and transportation projects and repairs.
Newsom issued his revised budget proposal last month with a surplus of $97.5 billion. While the state has obligations to reserve a certain amount of its budget for education funding and pension liabilities, roughly $50 billion of the surplus would still be available for discretionary spending under Newsom’s proposal.
Newsom’s proposal also included less substantial direct payments to state residents. His plan would have sent $400 to households for each vehicle they own, with a cap of $800.
According to Newsom, Atkins and Rendon, the direct payments in Sunday’s agreement will benefit some 23 million California residents.
“In the face of growing economic uncertainty, this budget invests in California’s values while further filling the state’s budget reserves and building in triggers for future state spending to ensure budget stability for years to come,” the three officials said.
Both chambers of the state legislature must approve the budget before Newsom can sign it into law.
19 comments
The Three Stooges are so happy and California continues to crash and burn…
Vote for a positive change in November!
Sing along, ‘Buying da votes in Amerikaaaa’
Bribery just before an election using your own money.
Free money 💰! Who doesn’t want free money? I guess those who move out of state are missing out.
It’s not free money. Everybody paid into it. You were over taxed. And the amount they are giving back is chump change.
$97B surplus. Yeah, sure there is…
Slick is bragging about a $97 billion surplus. Yet he is silent about the $1.5 TRILLION unfunded liability of CalPERS—and no telling how big the STRS—teachers pension fund—liability is. Heading into a recession those numbers will grow. Also note that the media has been silent about the coming collapse of the government pensions. But then there’s you….
Who needs an accountable and responsible budget?
It just slows down funding the progressive’s corrupt political agenda.
What isn’t shown is what they are giving each other.
What no one ever talks about is that if there is a 97 billion dollar surplus, that means Californians were overtaxed by 97 billion dollars. And while I recognize with tax revenue coming from multiple different sources that it is not apples to oranges, it does mean that California was overtaxed by a figure of just under 2500 dollars per Californian. Or for an average family of four, by 10k.
Budget deficits are bad. But when it comes to the government, budget surpluses are not good either.
Nothing says overtaxed like a $97b reserve.
I know, right? If the rich paid their fair share, we’d easily double that reserve to $200B.
all Gavin knows is money. He bought his way in and does nothing constructive or helpful to California.
Just Counts money, flashes it around and spends wads..
Vote him OUT!
If you need a reminder of what he does, just look at San Francisco’s demise and the crime and substance abuse consequences of his lengthy lockdowns.
The key phrase is “bread and circuses.” This was used by historians to explain how as Rome declined, the leadership would pass out free bread and free entertainment so that citizens forgot about the downward spiral of their civilization.
No wonder Americans foolishly voted a reality TV star into the Oval Office. Fortunately they saw through that and voted him out again four years later.
And now, a year and a half later the nation has turned to s***. Inflation, war, border crisis, increasing energy costs, and rampant violence. It seems we need a new TV star in the Oval Office.
We need Mr. T, because he looks like a guy who can get things done. Of course he would be labeled a racist…….
California is overtaxed. Trust me they would love to spend that money, but by law they can’t.
Don’t worry, your tax money will be “well spent “. The state digs a fresh and deep well each year for this very purpose.
Can you imagine what Kleptofornica would be like if all of that tax revenue went to pay down debt, fully fund pensions, develop an adequate water supply, provide dependable energy even in the hot months, actually teach students in public schools, treat the mentally I’ll and drug addicts, etc?
Math is not my expertise but with 17.5 million tax payers and surplus of 97.5 billion. Who wants to be a millionaire?
One caveat Newsom is keeping under wraps is the fact that by California law they are required to return additional taxes which in this case has reached over 97 billion dollars. He and his cronies of course pick and choose who they will give the money to. He also is not doing this from the kindness of his heart.
He has to. He also seems to be proud that we Californians have been taxed close to over 400billion dollars this year which they will have spent….
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