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California Governor Unveils Budget with Provisions for a Potential Recession |


California Governor Unveils Budget with Provisions for a Potential Recession
By Manuel Ocaño
With a “better safe than sorry” lens, California Governor Gavin Newsom released a proposed $213.5 billion spending plan that includes preparation for a new economic downturn which could result in a $70-billion, three-year hit in revenues.
One item of note in the Democratic governor’s revised budget is that it retains funding to expand healthcare for undocumented immigrants up to age 26 – one of the first promises made as a governor – benefitting mostly the Differed Action for Childhood Arrivals (DACA) community living in California.
As housing availability and affordability has become a key issue for Californians, Newsom is proposing $1.75 billion investment to increase housing production throughout the state, and another $1 billion on homelessness. ....

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