By Pamela Cruz. Peninsula 360 Press [P360P] .
Governor Gavin Newsom on Monday signed SB 129 into law the 2021-22 state budget agreement, which includes the $100 billion California Recovery Plan.
The California Recovery Plan seeks to provide immediate cash support to middle-class families and businesses most affected by the pandemic, as well as the state tax rebate and small business assistance package.
"Leveraging the largest surplus in state history, we are making transformative investments across the board that will help all of our communities recover from the pandemic and pay dividends for generations to come," the governor said.
Newsom detailed that through this comprehensive plan, the state is addressing the inequities exposed by the pandemic. Support for Californians facing the greatest hardship will be expanded, with more opportunities for children, more possibilities for addressing homelessness, and more work to build resilience against the impacts of climate change that threaten California's future.
After the economy has revived, coupled with increased state revenues and additional federal recovery funds, the $75.7 billion surplus reflected in California's Recovery Plan contrasts sharply with the $54.3 billion budget deficit estimated just over a year ago.
According to the governorCalifornia can now seize this once-in-a-lifetime moment to address the challenges that threaten the state's future and ensure that all California families, regardless of race or zip code, can thrive," he said.
The state budget and related budget implementing legislation signed Monday by the governor include:
- AB 141 by Budget Committee - Budget Act of 2021: Department of Cannabis Control: licensure: safety and quality assurance.
- SB 129 by Senator Nancy Skinner (D-Berkeley) - Budget Act of 2021. A line-item veto can be found here .
- SB 139 of the Fiscal and Budget Review Committee - Golden State Stimulus II: Golden State Stimulus.
- SB 146 of the Fiscal and Budget Review Committee - Correctional Facilities.
- SB 151 of the Fiscal and Budget Review Committee - Economic Development.
- SB 158 of the Fiscal and Budget Review Committee - Hazardous Waste.
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