SACRAMENTO, Calif. — California is getting its largest budget in state history.
Gov. Gavin Newsom signed the nearly $215 billion funding plan on Thursday.
Here are the top three things you need to know about it.
1: EDUCATION
In a Facebook live discussion of the big points of his budget, Newsom announced $81.1 billion will go toward education, the “highest amount of money ever put into our K-14 educational system."
A good chunk of that is going toward special education -- 19 percent more than the state spent on it last year.
And Newsom has good news for parents of older teens.
“Our community college? Second year: Free. California now has 2-year-free community college,” he said.
2: THE HOUSING CRISIS
"We have a real housing crisis in this state,” Newsom said. “$1.75 billion we're investing in new revolving loans, new tax credits, doing new and novel things -- not just to focus on low-income housing but to focus on workforce housing.”
It’s the most money the state has ever spent on this topic, he said. That money includes $650 million for cities and counties to build and run homeless shelters, so this budget aims to help get homeless people off the streets and get you into more affordable housing.
3: HEALTH CARE
"Let's just be honest: Cost of health care is out of reach is out of reach for too many,” Newsom said.
This budget expands health care subsidies, with more than $120 a month offered to families who make up to $150,000 per year.
“That's folks earning up to 600 percent of federal poverty,” Newsom said. “No other state in America does that."
The budget has money to lower prescription drugs. It also expands health care access to undocumented immigrants, which has been a controversial topic.
"That's good fiscal policy,” Newsom said. “It's not just the right thing to do, the moral thing to do. It's a way of saving taxpayers money. It's a down payment on our efforts to get to true universal health care."
The budget also includes a $19.2 billion rainy day reserve, which led Newsom to throw some shade at the federal government during his Facebook live.
"Contrast what I just said to what's happening in Washington DC, just drowning in red ink, trillion-dollar deficits as far as the eye can see,” he said.
Big talk-- and big numbers-- in California's biggest budget ever.
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