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Santa Monica’s Assemblyman, Richard Bloom, Weighs in on State Budget

Via press release:

Today, the California State Assembly approved the 2018-2019 Budget, balanced and on-time for the eighth consecutive year. The $200 billion budget was finalized late last Friday after months of committee hearings and discussions. Assemblymember Richard Bloom (D – Santa Monica) served as the Chair of the Assembly Budget Subcommittee on Resources and Transportation and as an Assembly conferee on the Budget Conference Committee, which negotiates items that conflict between the Senate and Assembly budgets.

This year’s budget fills the Proposition 2 Rainy Day fund to its constitutional maximum level of $13.8 billion and creates two new reserve accounts to protect the state in the event of a future economic downturn. In addition to bolstering reserves, the budget features significant investments in higher education, poverty reduction, and homeless programs, all of which have been Assembly priorities this year. In response to the Budget’s passage, Assemblymember Bloom issued the following statement:

“The 2018-19 Budget tackles some of California’s most pressing challenges, including poverty and homelessness, while also investing in education and prudently setting aside billions in reserves. The budget includes record funding for schools and community colleges, and over $600 billion in increased funding for UC and CSU, a significant portion of which will be used to support increased enrollment. The budget also fights poverty from many angles, including $400 million in funding for CalWORKs to help end deep poverty for children, allowing SSI recipients, for the first time in 40 years, to access CalFresh food benefits, and expanding California’s successful Earned Income Tax Credit.  Finally, the budget invests $500 million to address the homelessness crisis, much of which will be allocated to local governments at the forefront of the crisis. This much-needed investment cannot, however, be the end of our battle against homelessness and we must continue invest long-term in homeless programs and implement equitable housing policies to keep Californians from entering homeless.”

Highlights of the 2018-19 State Budget

Overview

Health & Human Services

K-12 Education

Higher Education

Resources & Transportation

Richard Bloom represents California’s 50th Assembly District, which comprises the communities of Agoura Hills, Bel Air, Beverly Hills, Brentwood, Hollywood, Malibu, Pacific Palisades, Santa Monica, Topanga, West Hollywood, and West Los Angeles.

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