Sacramento – Due to a remarkably robust economy and responsible budget practices, California’s finances are on solid ground today. While the outlook for next year remains positive, looming threats caution against dramatically increasing ongoing spending. Assemblymember Phil Ting (D-San Francisco), Chair of the Assembly Budget Committee, unveiled his 2020-21 Budget Blueprint: Embracing Progress | Securing the Future, which invests in more economic opportunities for all Californians while building up the reserve and paying down debt.
“We’ve made great progress in moving our state forward and ensuring our economic prosperity touches as many Californians as possible. We will build on these accomplishments by incrementally adding more state funding for education, poverty reduction, healthcare, housing and other priorities,” said Ting. “But we must also protect our investments. Further boosting our reserves and reducing our debt will prepare us for a possible recession and any changes in funding from the federal government, which isn’t as dependable as it once was.”
Highlights of Embracing Progress | Securing the Future include:
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Ensuring the State is Ready for Future Uncertainty: build reserves and protect promises made
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Continuing To Move California Forward: bolster early childhood care, education and college accessibility; improve behavioral health and social services programs; make California more affordable; address climate change; reform criminal justice system
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Remove Remaining Great Recession Cuts: address legacy cuts and rate freezes
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Aggressive Oversight for Effective Government: DMV wait times, needs of low-performing students, safe affordable drinking water
More information on the Budget Blueprint: 2020 Budget Blueprint
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