After negotiating an agreement with legislative leaders earlier this month, Gov. Jerry Brown on Tuesday signed a $125 billion state budget that he said maintains fiscal prudence in uncertain times.
“California is taking decisive action by enacting a balanced state budget,” said Brown. “This budget provides money to repair our roads and bridges, pay down debt, invest in schools, fund the earned income tax credit and provide Medi-Cal health care for millions of Californians.”
The budget for the fiscal year beginning July 1 also saves the Middle Class Scholarship and imposes tighter oversight over the University of California’s central administration. The money for Medi-Cal came from divvying up $1 billion in tobacco tax revenues.
“This balanced and on-time budget that was approved with a bipartisan vote supports working families, promotes affordable and accessible public education, and invests in our infrastructure,” he said.
He said the budget includes $10 million that he requested for investment in homeless youth services.
“If budgets are statements of values, then this allocation signals our commitment to our youth and implementing proven solutions for homelessness,” Gloria said.
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