Posts Tagged: budget surplus
An oil well pump jack in the San Joaquin Valley. (Photo: Mark Geistweite, via Shutterstock)
OPINION: Sacramento must use the windfall to even up the sides during this economic recovery, while also setting the stage for more equitable and sustainable prosperity in the decades to come. The surplus represents a once-in-a-lifetime opportunity to go big on a just transition to an equitable clean energy economy. Right now is the time for a California Green New Deal.
Gov. Gavin Newsom shown at an earlier Capitol briefing. (Photo: AP/Rich Pedroncelli)
Gov. Gavin Newsom unveiled an unprecedented $100 billion economic recovery package for California that taps state and federal money, while providing a new round of $600 stimulus checks to most Californians and covering missed payments for millions of renters.
Near the entrance to the CalSTRS building in West Sacramento. (Photo: ZiKG, via Shutterstock)
School districts would get more pension cost relief under a revised state budget proposed last week by Gov. Newsom. The governor’s $700 million plan to lower scheool pension costs during the last two years of a seven-year CalSTRS rate increase would get an additional $150 million, if approved by the Legislature.