State Superintendent of Public Instruction Tony Thurmond today praised Governor Gavin Newsom’s revised budget for fiscal year 2019–20. “Our Governor just announced the largest-ever investment in K–12 schools, with 45 percent of all proposed increased spending to benefit our schools. We applaud this commitment to public education, especially by adding funding to assist students with the greatest needs. The revision also makes significant investments in the recruitment and retention of qualified teachers, and supporting the financial burdens they face,” he said.
Governor Newsom proposed increasing K–12 education by $4.4 billion in non-Proposition 98 spending for the benefit of our schools, while Prop 98 funding is at $81.1 billion, the most it has been in years.“
I am pleased that Governor Newsom is placing a top priority on education and look forward to a strong, productive partnership with him, the Legislature, and all stakeholders in the next few years that will lift up all of our students by improving our education system and increasing the resources that go to our schools—today’s announcements prove his commitment to increasing funding for public education,” he said.
Source: Thurmond Praises Newsom’s K–12 Education Budget – Year 2019 (CA Dept of Education)
By Katy Murphy
As Gov. Gavin Newsom today prepares to reveal his latest budget proposal for a state flush with cash, lawmakers and interest groups are watching closely to see how the governor proposes to spend — or save — what appears to be an unprecedented windfall.
At hand is an update of the blueprint the governor unveiled in January: a $209 billion budget that included a general fund of $144 billion and a record-high surplus of $21.5 billion. It offered more money for schools, child care, affordable housing, wildfire prevention and the expansion of Medi-Cal availability to young undocumented adults, while shoring up budget reserves and paying down some of the state’s sizable pension debt.
Source: Gavin Newsom releases revised budget proposal today with huge surplus – The Reporter
On January 10, Governor Gavin Newsom released a proposed 2019-20 budget that calls for a series of bold and smart investments in broadening economic security and opportunity for Californians, while continuing to strengthen the state’s underlying fiscal health.
The Governor forecasts revenues that are $8.1 billion higher (over a three-year “budget window” from 2017-18 to 2019-20) than previously projected in the 2018-19 budget enacted last June, driven largely by continued economic growth.
The Governor’s proposal includes a range of significant expansions in support of low- and middle-income Californians who are struggling to make ends meet and access greater economic opportunity, including doubling the state’s Earned Income Tax Credit, working toward universal preschool for 4-year olds, investing in child care infrastructure, expanding health care to move closer to universal coverage, expanding paid family leave, boosting CalWORKs grants, and increasing investment in state higher education systems. Recognizing that high housing costs contribute to California’s high poverty rate, Governor Newsom also proposes a mix of policies and an expanded state role to address housing needs and homelessness. These policies would make California more affordable and more equitable for millions of Californians.
Source: Governor’s Inaugural Budget Proposal Includes Bold and Smart Investments, While Maintaining Fiscal Health – California Budget & Policy Center