Office of the Governor via AP
Governor Gavin Newsom signed the state budget Monday night in a news release titled “California Roars Back.”
Newsom signed the legislation that reflects the majority of the $100 billion state budget agreement for 2021-22 and includes the largest recovery plan in state history, according to the statement.
“Harnessing the largest surplus in state history, we’re making transformative investments across the board that will help bring all our communities roaring back from the pandemic – and pay dividends for generations to come,” said Governor Newsom. “Through this comprehensive plan, the state is taking on the inequities laid bare by the pandemic, expanding our support for Californians facing the greatest hardships, increasing opportunity for every child, confronting homelessness head-on and doubling down on our work to build resilience against the climate change impacts that threaten California’s future.”
The California Comeback Plan accelerates the state’s recovery by:
- Providing immediate relief to Californians hit hardest by the pandemic
- Confronting homelessness and the housing affordability crisis
- Transforming public schools into gateways of opportunity
- Bolstering wildfire resilience and tackling climate change
- Building the infrastructure of the next century
This is the largest state tax rebate in history.
If you earn up to $75,000 a year — you can expect to see $600 in your bank account this fall.
If you have kids — you can qualify to receive an additional $500, regardless of your immigration status. https://t.co/zYDJ66cqpj
— Gavin Newsom (@GavinNewsom) July 13, 2021
“California can now seize this once-in-a-lifetime moment to address long-standing challenges that threaten our state’s future and ensure every California family – regardless of their race or zip code – can thrive,” Said Newsom.
Watch the full press conference here.