By Laurel Rosenhall, CalMatters
With a deluge of dollars flowing into California’s coffers from state taxpayers and Uncle Sam, Democratic leaders in the Legislature have agreed on a budget plan that would spend slightly less than what Gov. Gavin Newsom proposed, while still pouring billions of dollars into helping Californians recover from the pandemic.
The $267.1 billion plan the Assembly and Senate announced Tuesday largely mirrors the proposals Newsom laid out last month in his $267.8 billion budget. It embraces Newsom’s “Golden State Stimulus,” which will send at least $500 to every household that makes as much as $75,000 a year. It would pour even more into grants to help small businesses and into payments toward unemployment insurance. But it would launch fewer new social programs than the Democratic governor proposed.