• Governor Newsom signs balanced state budget that cuts taxes for vets, f

    From Leroy N. Soetoro@21:1/5 to All on Mon Jun 30 19:56:04 2025
    XPost: alt.politics.economics, alt.politics.republicans, sac.politics
    XPost: alt.fan.rush-limbaugh, talk.politics.guns

    ? FUNDED: Tax cut for military retirees

    ? FUNDED: Universal pre-kindergarten for all

    ? FUNDED: Expanded before school, after school, & summer school

    ? FUNDED: Free school meals for all kids

    ? FUNDED: Game-changing literacy & reading investments

    ? FUNDED: Building more housing, ASAP

    ? FUNDED: Lowering drug costs

    ? FUNDED: Expanding medication abortion access with CalRx

    ? FUNDED: Historic firefighting & public safety investments

    ? FUNDED: Protecting California’s iconic film industry

    Signing of landmark package to cut red tape, fast-track housing, and infrastructure forthcoming

    SACRAMENTO – Amid Donald Trump’s economic assault on California, Governor
    Gavin Newsom today signed the 2025 state budget bill advanced in
    partnership with Senate President pro Tempore Mike McGuire and Speaker
    Robert Rivas. Together, the Governor and Legislature are enacting a responsible, balanced spending plan that safeguards California’s values
    while maintaining long-term fiscal health. This budget and forthcoming
    trailer bills include new, landmark policies that will accelerate housing production and boost affordability in communities across the state —
    addressing California’s most urgent challenges.

    As we confront Donald Trump’s economic sabotage, this budget agreement
    proves California won’t just hold the line — we’ll go even further. It’s balanced, it maintains substantial reserves, and it’s focused on
    supporting Californians — slashing red tape and catapulting housing and infrastructure development, preserving essential healthcare services,
    funds universal pre-K, and cuts taxes for veterans.

    Governor Gavin Newsom

    Pro Tem Mike McGuire says: “The State is delivering a responsible on-time budget in a challenging year focused on fiscal restraint and investing in
    the people and programs that make this State great. This budget
    prioritizes record funding for our kids and public schools, protects
    access to health care for millions of the most vulnerable, and will create
    more housing at a scale not seen in years. Thanks to this budget
    agreement, the state will help get more folks off the streets and into permanent shelter, and we’ll expand the ranks of CalFire, deploying
    hundreds of additional full-time CalFire firefighters, which will save
    lives and make us all more wildfire safe. And this agreement helps prepare
    our state for the ongoing chaos and massive uncertainty caused by the
    Trump administration. Thank you to our Senate Budget Chair Scott Wiener, Speaker Rivas and Governor Newsom and their staffs for their hard work for
    the people of California.”

    Speaker Robert Rivas says: “This is an incredibly difficult time for Californians. Trump is undermining our economy with reckless tariffs,
    harsh cuts, and ICE agents terrorizing our communities. At a moment when
    so many are already struggling, he’s adding fear and instability. In
    contrast, Democrats have delivered a budget that protects California. It
    cuts red tape to build more housing faster — because housing is the
    foundation of affordability and opportunity. It preserves critical
    investments in health care, women’s health, education, and public safety.
    And it honors our commitment not to raise taxes on families, workers, or
    small businesses. In unprecedented times, under painful circumstances, Democrats are delivering for Californians.”

    Tax cuts for vets, smaller class sizes, free school meals
    The budget reflects a shared commitment to protect opportunity and improve affordability in California, in the face of targeted attacks by the Trump administration. The budget makes historic investments in public education
    — from universal transitional kindergarten and free school meals to
    expanded before and after-school programs, summer school, smaller class
    sizes, and strengthened career training and higher education. The budget demonstrates the state’s commitment to honoring veterans by creating tax
    cuts for military retirees, recognizing their service and supporting their financial security.

    Lowering prescription drug costs, protecting reproductive care, and safety
    nets
    The budget preserves key health care programs for Californians targeted by Republicans. It preserves vital safety net programs, including in-home supportive services and women’s reproductive health. As part of the
    budget, the Governor is also expected to sign legislation protecting
    access to health care, license and regulate Pharmacy Benefit Managers for
    the first time, increasing transparency and accountability in the pharmacy supply chain. The legislation also expands CalRx’s authority to procure brand-name drugs and respond to politically motivated supply disruptions, helping shield access to critical medications like mifepristone.

    Lights, camera, JOBS
    The budget protects California’s position as the 4th largest economy in
    the world – supporting business and continued economic growth, including California’s iconic film industry. Next week, the Governor is expected to
    sign additional legislation as part of the expansion of the film and TV
    tax credit program — further catapulting the program’s impact to $750
    million a year.

    Trump’s economic assault
    The balanced budget comes as California continues to confront significant fiscal pressures fueled by the Trump administration’s reckless economic
    and immigration policies. According to the California Department of
    Finance, Trump’s tariff regime is projected to cost the state an estimated
    $16 billion in lost General Fund revenue through the next fiscal year. And
    a new study released June 17 by the Bay Area Council Economic Institute,
    in collaboration with UC Merced, found that Trump’s mass deportations
    could slash $275 billion from California’s economy, eliminate $23 billion
    in annual tax revenue, and severely disrupt key industries such as
    agriculture, construction, and hospitality.

    In the face of these mounting challenges, the Governor issued a
    proclamation to access state reserves. This responsible and balanced
    budget protects Californians, creates more housing, preserves core
    programs, reinforces fiscal discipline, and invests in the state’s long-
    term economic strength.

    The Governor today announced signing the following bills:

    AB 102 by Assemblymember Jesse Gabriel (D-Encino) – Budget Act of 2025.
    AB 118 by the Committee on Budget – Human services.
    AB 121 by the Committee on Budget – Education finance: education omnibus
    budget trailer bill.
    AB 123 by the Committee on Budget – Higher education budget trailer bill.
    AB 134 by the Committee on Budget – Public Safety.
    AB 136 by the Committee on Budget – Courts.
    AB 143 by the Committee on Budget – Developmental services.
    SB 101 by the Senator Scott Wiener (D-San Francisco) – Budget Act of 2025.
    SB 103 by the Senator Scott Wiener (D-San Francisco) – Budget Acts of
    2022, 2023, and 2024.
    SB 120 by the Committee on Budget and Fiscal Review – Early childhood
    education and childcare.
    SB 124 by the Committee on Budget and Fiscal Review – Public resources
    trailer bill.
    SB 127 by the Committee on Budget and Fiscal Review – Climate change.
    SB 128 by the Committee on Budget and Fiscal Review – Transportation.
    SB 132 by the Committee on Budget and Fiscal Review – Taxation.
    SB 141 by the Committee on Budget and Fiscal Review – California Cannabis
    Tax Fund: Department of Cannabis Control: Board of State and Community Corrections grants.
    SB 142 by the Committee on Budget and Fiscal Review – Deaf and Disabled Telecommunications Program.
    The Governor’s signature on the state budget is contingent on the
    enactment of either AB 131 or SB 131 on Monday, June 30th.

    https://www.gov.ca.gov/2025/06/27/budget/


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