Three main points from Newsom’s budget deal with state legislature.

California Budget Deal Struck: What You Need to Know

Exciting news from the Golden State! Governor Gavin Newsom and California’s legislative leaders have reached a groundbreaking agreement on the upcoming fiscal year’s budget. Despite facing a daunting $31.5 billion deficit, the state has managed to put together a remarkable $310.8 billion budget. Let’s dive into some of the key highlights:

Climate Change Funds Reduced, but Still Prioritized

In his initial budget proposal, Governor Newsom aimed to reduce the $54 billion allocated towards climate change over the next five years. However, after careful consideration, the revised budget maintains approximately billion (89 percent) of these investments. While it’s a reduction of around 11%, the state remains committed to its climate agenda.

Support for Struggling Public Transit Agencies

Recognizing the challenges faced by public transit agencies, the budget deal allocates $5.1 billion over four years to help them recover. This funding comes as a relief, especially for agencies like the Bay Area Rapid Transit (BART), which has seen a significant decline in ridership due to the COVID-19 pandemic.

Funding for San Quentin Rehabilitation Center

One of the most exciting aspects of the budget deal is the funding secured for the transformation of San Quentin State Prison into a rehabilitation-centered facility. Governor Newsom’s vision to improve public safety through rehabilitation and education will be realized with $360.6 million allocated for demolition and construction, along with an additional $20 million for various improvement projects.

This effort not only aims to create a safer community but also serves as a model for the rest of the nation. The California Model will pave the way for a more effective justice system, reducing recidivism and building a brighter future.

Boosting Budget Reserves

Thanks to this historic agreement, California’s budget reserves will soar to an impressive $38 billion. This financial stability will provide a solid foundation for the state’s future endeavors.

The timing of this budget deal couldn’t be better, as it comes just days before the start of the fiscal year on July 1. California is ready to embark on a new chapter of growth and progress.

For more details on the budget deal, click here.

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