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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 345,201 of 345,374   
   Leroy N. Soetoro to All   
   Governor Newsom signs balanced state bud   
   30 Jun 25 19:56:04   
   
   XPost: alt.politics.trump, alt.politics.republicans, sac.politics   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: leroysoetoro@americans-first.com   
      
   ? 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.   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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