Governor Newsom, Senate President pro Tempore Atkins and Assembly Speaker Rendon Issue Statements on Budget Agreement

Press Release

"In the face of continued global economic uncertainty, this budget increases our fiscal discipline by growing our budget reserves to a record $38 billion, while preserving historic investments in public education, health care, climate, and public safety. We've attached new accountability measures for transit and homelessness investments. And we are accelerating our global leadership on climate by fast-tracking the clean energy projects that will create cleaner air for generations to come. As we build the California of the future, we're expanding our economy and embracing businesses that pave the way with new tax credits for businesses that manufacture computer chips, clean energy facilities, and more -- projects that disproportionately benefit disadvantaged communities and create hundreds of thousands of jobs. I want to thank the Legislature for their hard work on a budget that prioritizes the needs of Californians while keeping the state on strong economic footing."

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