Assemblymember Bloom Issues Statement on Governor Newsom’s January Budget Proposal
Sacramento - Assemblymember Richard Bloom (D - Santa Monica) released the following statement regarding Governor Newsom's January Budget Proposal, which was announced earlier today:
“Governor Newsom unveiled his January budget today, which outlined essential steps for our state to take on the road to recovery from the COVID-19 pandemic. The proposal includes a $5 billion Immediate Action Package with $2 billion going to the safe reopening of our K-12 schools, $575 million in grants and $71 million in fee waivers to help small businesses, and $2.4 billion for the Golden State Stimulus to provide $600 direct payments to approximately 4 million Californians.”
“The Governor's proposal also plans for the long-term recovery from the impacts of the pandemic and expanded job creation with a $4.5 billion Economic Recovery Package, which includes increases to the California Competes and Main Street Hiring Tax Credits.”
“I am encouraged by the Governor's proposed investment in some of our state's ongoing needs, including: $500 million for the Low Income Housing Tax Credit and $500 million for the Infill Infrastructure Grant Program to promote the development of affordable housing; $1.75 billion to purchase hotels and motels to house the homeless, develop community mental health housing, and create dedicated housing for vulnerable seniors; and $1 billion in wildfire resiliency and emergency response funding to invest in fire crews, equipment, and technology to help combat the threat of wildfires and other natural disasters.”
“I look forward to working with the Governor and my colleagues to craft a budget that provides immediate relief to Californians who have been impacted by the pandemic and addresses our state's most pressing priorities and needs.”
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.