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<\/p>\nLos Angeles, CA…Seven and a half years after taking office and inheriting a $27 billion budget deficit, California Governor Edmund G. Brown Jr. today signed his final state budget, which fills the Rainy Day Fund to the brim and sends record funding to California\u2019s classrooms. \u201cWhen I took office back in 2011 with the state facing a $27 billion deficit, I pledged to work with the Legislature to fix California\u2019s financial mess,\u201d said Governor Brown. \u201cToday, the final budget I sign delivers on that pledge and prepares us for the future.\u201d<\/p>\n
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The Governor was joined today by Senate President pro Tempore Toni Atkins, Assembly Speaker Anthony Rendon and budget chairs Senator Holly J. Mitchell and Assemblymember Phil Ting.<\/p>\n
\u201cThis budget is the product of all of us working together to craft a fiscally responsible plan that serves the people of California while at the same time saves for the future,\u201d said Senate President pro Tempore Atkins. \u201cI especially want to thank Governor Brown\u2019s leadership \u2013 in this, his last budget \u2013 for helping to bring back California from a historic recession and onto a solid economic footing.\u201d<\/p>\n
\u201cDevastating budget cuts first compelled me to run for the Assembly. I thought we needed to do better, and this budget does better,\u201d said Assembly Speaker Rendon. \u201cThere is more to do, but by investing in our people and saving for the future, this budget gives us the tools we need to keep doing better.\u201d<\/p>\n
\u201cGovernor Brown has done an admirable job in leading our state out of budget deficits to financial stability. This is a spending plan we can be proud of because it makes the right investments and reflects many of California\u2019s values,\u201d said Assemblymember and Assembly Budget Committee Chair Ting. \u201cI\u2019m especially glad we were able to partner with cities and counties to help them address the homeless crisis with unprecedented funding for more shelters and services.\u201d<\/p>\n
\u201cThis budget strikes an appropriate balance that strengthens our state\u2019s fiscal stability with an unprecedented level of reserves, while prioritizing investments that will address the pressing needs of this state,\u201d said Senator and Senate Budget and Fiscal Review Committee Chair Mitchell. \u201cWe continue to work toward restoring programs that still have yet to be made whole from devastating cuts during the great recession and prioritize funding to confront the challenges associated with homelessness and disaster response.\u201d<\/p>\n
Significant Details of the 2018-19 State Budget:<\/p>\n
Saving for Uncertain Times<\/p>\n
The state\u2019s Rainy Day Fund, established by a vote of the people in 2014, saves money when the economy is strong for uncertain times ahead. By the end of 2018-19, the current economic expansion will have matched the longest in post-war history. The budget fully fills the fund, growing the balance to an unprecedented $13.8 billion.<\/p>\n
Supporting our Schools
\nThe budget increases funding by more than $4,600 per student over 2011-12 levels and directs $78.4 billion in funding to K-14 schools \u2013 a 66 percent increase in annual funding from seven years ago. Additionally, the state will fully implement the Local Control Funding Formula, correcting historical inequities in school district funding.<\/p>\n
Counteracting the Effects of Poverty and Combatting Homelessness<\/p>\n
The budget invests $5 billion to help address challenges with affordable housing and homelessness, including providing $500 million to assist local governments in their immediate efforts to help homeless Californians. The state also continues to provide billions of dollars to: raise the state\u2019s minimum wage; grow the state\u2019s Earned Income Tax Credit program; expand health care coverage to millions more Californians; restore low-income health benefits eliminated during the recession; boost CalWORKs grants; and increase child care and early education provider rates and the number of children served.<\/p>\n
Strengthening Infrastructure<\/p>\n
This budget delivers the first full year of funding under Senate Bill 1 \u2013 the state\u2019s Road Repair and Accountability Act \u2013 with $4.6 billion in new transportation funding in 2018-19. The funding will repair neighborhood roads, state highways and bridges, fill potholes, ease congestion in busy trade and commute corridors and improve and modernize passenger rail and public transit.<\/p>\n
Investing in Higher Education<\/p>\n
The budget continues to increase funding for the state\u2019s university and community colleges systems with no tuition or fees hikes and establishes the state\u2019s first-ever online community college. Since 2012, the University of California has received $1.2 billion in new funding, with $1.7 billion for the California State University and $2.4 billion for community colleges over the same period.<\/p>\n
Combating Climate Change<\/p>\n
The budget includes a $1.4 billion Cap and Trade Expenditure Plan to invest in programs that further reduce carbon pollution and support climate resiliency efforts, including $210 million for forest improvement and fire prevention projects that protect the state\u2019s forests from wildfires and $334.5 million for the California Energy Commission and the California Air Resources Board to begin the implementation of a multi-year initiative to accelerate sales of zero-emission vehicles through vehicle rebates and infrastructure investments.<\/p>\n
Protecting Hardworking Immigrants<\/p>\n
The budget provides $79 million to support hardworking immigrants through a number of legal services programs, including deportation defense, naturalization services and DACA assistance.<\/p>\n
The budget and related acts signed by the Governor today include:<\/p>\n
AB 1808 by the Committee on Budget \u2013 Education finance: education omnibus trailer bill.
\nAB 1809 by the Committee on Budget \u2013 Higher education trailer bill.
\nAB 1810 by the Committee on Budget \u2013 Health.
\nAB 1811 by the Committee on Budget \u2013 Human services omnibus.
\nAB 1812 by the Committee on Budget \u2013 Public safety omnibus.
\nAB 1817 by the Committee on Budget \u2013 State government.
\nAB 1824 by the Committee on Budget \u2013 State government.
\nAB 1825 by the Committee on Budget \u2013 Education finance: constitutional minimum funding obligation: local control funding formula.
\nAB 1826 by the Committee on Budget \u2013 State Capitol Building Annex: state office building.
\nAB 1827 by the Committee on Budget \u2013 No Place Like Home Act of 2018.
\nAB 1830 by the Committee on Budget \u2013 Budget Deficit Savings Account: Safety Net Reserve Fund.
\nAB 1831 by the Committee on Budget \u2013 State government: appointments: infrastructure.
\nAB 1834 by the Committee on Budget \u2013 Corrections: omnibus.
\nSB 840 by Senator Holly J. Mitchell (D-Los Angeles) \u2013 Budget Act of 2018.
\nSB 841 by the Committee on Budget and Fiscal Review \u2013 Budget Act of 2017: augmentation.
\nSB 847 by the Committee on Budget and Fiscal Review \u2013 Courts: omnibus.
\nSB 848 by the Committee on Budget and Fiscal Review \u2013 Transportation.
\nSB 849 by the Committee on Budget and Fiscal Review \u2013 Medi-Cal.
\nSB 850 by the Committee on Budget and Fiscal Review \u2013 Housing.
\nSB 852 by the Committee on Budget and Fiscal Review \u2013 State public employment: memorandum of understanding: State Bargaining Unit 6: approval.
\nSB 853 by the Committee on Budget and Fiscal Review \u2013 Developmental services.
\nSB 854 by the Committee on Budget and Fiscal Review \u2013 Public resources.
\nSB 855 by the Committee on Budget and Fiscal Review \u2013 Taxation.
\nSB 856 by the Committee on Budget and Fiscal Review \u2013 Budget Act of 2018.
\nSB 866 by the Committee on Budget and Fiscal Review \u2013 Employment.
\nSB 871 by the Committee on Budget and Fiscal Review \u2013 Income taxes: credits: motion pictures.
\nFor full text of the Budget Act and associated legislation, visit: www.leginfo.legislature.ca.gov. Additional details on the 2018-19 State Budget can be found at www.ebudget.ca.gov.<\/p>\n
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