2014-15 Budget Blueprint Part I: Introduction 2 2014-15 Budget Blueprint Introduction After a decade of two massive economic crises, California’s Budget.

Slides:



Advertisements
Similar presentations
November 14, 2013 Johnson County Poverty Trends.
Advertisements

The Case for Medicaid Expansion. Who We Are We’re a coalition of concerned Kentuckians, over 250 organizations and individuals, who believe that the best.
FISCAL ACCOUNTABILITY OF STATE GOVERNMENT Presentation Prepared for the Appropriations Committee and the Finance, Revenue, and Bonding Committee by the.
1 WHAT IT MEANS FOR YOU? April Health Access is the leading voice for health care consumers in California. Founded in 1987, Health Access is the.
UCLA Budget Outlook FY Presentation by Steven A. Olsen Vice Chancellor, Finance and Budget November 18, 2003.
Canada has outperformed all other G-7 economies in job creation over the recovery 2 Economic Action Plan 2014.
January 27, Identifies a $19.9 billion budget deficit, consisting of a $6.6 billion shortfall in , a $12.3 billion shortfall in ,
GOVERNOR BROWN’S BUDGET PROPOSAL January 20, 2015 RAMONA UNIFIED SCHOOL DISTRICT.
WCLP Governor Brown’s Health and Human Services Budget For: EOPS CARE March 9, 2011.
California State University Update on the 2003/04 CSU System Budget.
Introducing RuFES Washington Horizons Seattle, WA November 1 – 4, 2009.
The Governor’s January Budget Proposal: Bad for Children, Families, Schools & The Workforce CCCECE Position: Oppose Realignment Oppose Cuts.
The 2012 New Jobs-NY Job Creation Plan NEW YORK STATE SENATE MAJORITY.
Funding Education for the Long Run Tax Reform in Washington State by Marilyn Watkins Economic Opportunity Institute
Building a Stronger North Carolina: A Legislative Briefing and Call to Action 2014.
The Better Texas Family Budgets: Building the Case for Better Jobs, Better Education, Better Opportunities Frances Deviney, Ph.D. Texas Kids Count Director.
Building a Stronger North Carolina: A Legislative Briefing and Call to Action 2014.
A Few Facts 1.Federal spending in FY 2000 and 2001 as a percent of GDP is the lowest since Federal government spending (not including social security,
Tom Wolf, Governor Pedro Rivera, Acting Secretary of Education | Ted Dallas, Acting Secretary of Human Services State of the State: Early Learning in Pennsylvania.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan July, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 29, 2009.
Legislative Analyst’s Office Presented to: Ryan Woolsey, Fiscal and Policy Analyst CSDA/CWDA Policy Symposium March 4, 2015.
The Recovery Act in Michigan June Michigan Recovery and Reinvestment Plan 2 The American Recovery and Reinvestment.
Facts on the Economy and the President’s Budget John S. Irons, Ph.D. February 25, 2005.
Pennsylvania Department of Edward G. Rendell Governor, Commonwealth of Pennsylvania Dr. Gerald L. Zahorchak Secretary of Education.
SENATE COMMITTEE ON WAYS AND MEANS Fiscal Year 2014 Budget.
Jerry Kissler UCOP Budget Office BUDGET AND PLANNING A Universitywide Perspective April 2005.
FY 10 Budget Balancing Plan and the Impact of the American Recovery and Reinvestment Act Mary Lassiter State Budget Director June 4, 2009.
Workshop of the Medical Education Subcommittee of the Strategic Planning/Educational Policy Committee Board of Governors July 20, 2005.
Leaky Education Pipeline Of every 100 students who enter kindergarten: 71 graduate from high school 42 enter a community college or university 18 receive.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 17, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 22, 2009.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 16, 2009.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan August 2009.
State and Federal Legislative and Policy Updates Alameda County Early Care and Education Planning Council July 18, 2014.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 15, 2009.
Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan SMACNA Metropolitan Detroit Chapter November 2009.
Vision 2021 Forum : Advocating Towards making Vision 2021 a reality
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 24, 2009.
School Finance 101 Presented by Thomas E. White Michigan School Business Officials October 2004.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.
Chapter 13 Domestic & Economic Policy. Domestic Policy  Domestic policy = all the laws, government planning, and government actions that affect the lives.
ILLINOIS KIDS COUNT SYMPOSIUM March 5, Introduction The most visible signs of recession don’t reveal full impact on children Children are hidden.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.
Springfield KIDS COUNT 2010 SYMPOSIUM Nov. 15, 2010.
CCC System Office CTE Report Career Technical Education In Peril.
Governor's January Budget Proposal. Budget Assumptions Balanced Budget, no structural shortfall in and beyond Modest, steady growth.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm.
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm April 13, 2009.
A Recovery Act Update for Michigan Nonprofits Leslee Fritz, Director MI Economic Recovery Office April 14, 2009.
Kalamazoo Rotary Club Radisson Plaza Hotel Kalamazoo, Michigan February 7, 2005 Kalamazoo Rotary Club Radisson Plaza Hotel Kalamazoo, Michigan February.
LAO California’s Fiscal Outlook Jennifer Kuhn Director, K-12 Education Legislative Analyst’s Office April 15,
A Recovery Update for Michigan’s Citizens Governor Jennifer M. Granholm May 14, 2009.
URPC Budget Update January 29, CA Governor’s Budget Reflects ongoing economic recovery o Projects economy will continue to grow in 2016 and 2017.
President’s FY2017 Budget Request February 12, 2016.
California State Association of Counties January 2010 Governor’s Proposed Budget Unrealistic Assumptions, Significant Risks, and Cost Shifts.
The Federal Reserve System. Prior to 1913, hundreds of national banks in the U.S. could print as much paper money as they wanted They could lend a lot.
Economy (Jobs, Workers, and Taxes) Economics- of or relating to the production, development, and management of material wealth, as of a country, household,
Making Sense of the Federal Budget Eugene, Oregon, March 12, 2016 Peace Action Education Fund National Priorities Project Supported by the Colombe Foundation.
Summary Update Governor’s Budget Federal Funding January 22, 2014 California School Boards Association Dennis Meyers, Assistant Executive Director,
Budget Reductions Kaplan University Unit 8-Finance and Public Budgeting Dr. David Thomason.
UC Budget Advocacy Conference Call Patrick J. Lenz Vice President for Budget and Capital Resources Audio Access:
Display 1 1 NCSCBHEP – 37 th Annual National Conference Concurrent Session – California: Our Future? CSU and UC UNIVERSITY OF CALIFORNIA Patrick J. Lenz.
The California State Budget Senator Carol Liu, Chair Senate Budget & Fiscal Review Subcommittee on Education.
Assembly Budget Committee Responsible Budget Priorities
The Federal Reserve System
Tustin Unified School District
Poway Unified School District Governor’s Budget Proposal
Governor’s Proposed Budget
California Budget & Propositions
Presentation transcript:

Budget Blueprint Part I: Introduction 2

Budget Blueprint Introduction After a decade of two massive economic crises, California’s Budget is once again balanced. 3

Budget Blueprint Introduction A structurally balanced budget provides ability to ensure stability for the budget and expand opportunity for California families: – Ensuring Stability: Enables budget to withstand inevitable economic downturns and make sound investments. – Expanding Opportunities: Improves lives of Californians and strengthens state’s long-term economy. 4

Budget Blueprint Introduction Therefore, Assembly Democrats propose the: Blueprint for a Responsible Budget Ensuring Stability and Expanding Opportunity 5

Budget Blueprint Introduction Blueprint for a Responsible Budget: Ensuring Stability Build Reserves to $8 billion (including new Rainy Day Fund) Smart use of “one-time” funds Rein in Prison Housing Costs Expanding Opportunity Invest in Early Education and Higher Education Reduce Child Poverty Improve Access to Health Care Fund Jobs Investments 6

Budget Blueprint Introduction The proposals outlined in the Budget Blueprint will serve as guideposts throughout the Budget Process, and will be updated and refined as additional fiscal information becomes available. The Assembly Budget Subcommittees will hold thorough public hearings on all budget proposals, including the Budget Blueprint. The Assembly will work with the Senate and the Governor in crafting a final State Budget, that reflects the priorities of the Budget Blueprint. 7

Budget Blueprint Part II: Ensuring Stability 8

Budget Blueprint Ensuring Stability Build Reserves to $8 billion by Meets key LAO Recommendation to protect against economic downturns, and will grow each year. Reserves include projected balance of a new Rainy Day Fund, first outlined in Blueprint. Rainy Day Fund established with a Constitutional Amendment that preserves spiking Capital Gains revenues to limit overspending in good years and mitigate devastating cuts in bad years. 9

Budget Blueprint Ensuring Stability 10

Budget Blueprint Ensuring Stability Smart Use of “One-Time” Funds Avoid past mistakes of committing one-time funds for ongoing programs and permanent tax cuts. Build Reserves to $8 billion. Pay Down Debts, Deferrals, and Unfunded Liabilities. Fund Jobs Investments that have one-time costs (e.g. infrastructure projects and small business loan guarantees). 11

Budget Blueprint Ensuring Stability Rein in Prison Housing Costs Implement findings of Select Committee on Justice Reinvestment. Expand Collaborative Justice Courts (Drug Courts, Mental Health Courts, Veterans Courts, and others) proven to reduce recidivism and lowers cost. Make smart budget investments that reduce long- term prison costs, (e.g. Early Education, Higher Education, Job Creation, & Child Poverty Reduction). 12

Budget Blueprint Part III: Expanding Opportunity 13

Budget Blueprint Expanding Opportunity Early Education Early Education Background: Increases high school graduation rates. Reduces likelihood of going to prison. Half of low-income children don’t have access to current preschool or head start programs. Existing Child Care programs have been slashed by 100,000 slots since Great Recession. Currently, middle-income families face high preschool costs. Currently, Transitional Kindergarten only serves ¼ of 4 yr-olds. 14

Budget Blueprint Expanding Opportunity Early Education Blueprint’s Early Education Proposal: Make Transitional Kindergarten universal for all 4 year-olds, to give all children access to high quality Pre-K programs. Strengthen Early Care programs serving 0-3 year-olds and wrap-around care for children over 4 years-old. California families will benefit from improved programs and universal access to quality Early Education, which will improve academic performance, put children on the road to success, and dramatically reduce future costs in other areas of the budget. 15

Budget Blueprint Expanding Opportunity Early Education (Source: “Fight Crime: Invest in Kids”) 16

Budget Blueprint Expanding Opportunity Higher Education Higher Education Background: Funding for Higher Education cut dramatically during the Great Recession – which has resulted in higher fees, reduced enrollments, and program cutbacks. The Middle Class Scholarship will begin to offset the increased fees, but holes remain in the otherwise strong Cal Grant program, which limit access to higher education for lower income students. Planned funding increases for Higher Education are not enough to expand enrollments and restore programs. 17

Budget Blueprint Expanding Opportunity Higher Education Blueprint’s Higher Education Proposal: Increase funding for Community Colleges, CSU, and UC to keep fees from growing, enable enrollment increases, and improve the quality of educational programs. Improve Cal Grants: Increase Award Levels, e.g. provide full award their first year and increase “Access Award” for living expenses and supplies for neediest students. Increase Access, e.g. expand the number of “Competitive Awards” for students that don’t follow traditional route of higher education soon after high school. 18

Budget Blueprint Expanding Opportunity Child Poverty Child Poverty Background: Roughly ¼ California children (2.3 million) live in poverty, the highest child poverty rate in the country. Children growing up in poverty experience life-long consequences. The physiological brain impacts of poverty harm the academic outcomes of children living in poverty. The economic impacts of the Great Recession and draconian budget cuts – at both the state and federal level – have worsened child poverty and its consequences in California. 19

Budget Blueprint Expanding Opportunity Child Poverty Blueprint’s Child Poverty Proposal: Improve economic condition of millions of children currently in poverty by lifting hundreds of thousands out of poverty, and others from the depths of poverty: Expand Earned Income Tax Credit and increase CalWORKs “Earned Income Disregard” to strengthen impact of paychecks. Improve county Job Training programs to get CalWORKs recipients back to work as quickly as possible. Create CalFresh “add-on” to provide an additional food benefit for California’s poorest children enrolled in CalWORKs. Provide modest CalWORKs grant increase. 20

Budget Blueprint Expanding Opportunity Health Access Health Access Background: California is successfully implementing the Affordable Care Act. Medi-Cal reimbursement rate cuts during the Great Recession may limit the access to health care that the ACA is intended to improve. Critical Public Health programs also were cut during the Great Recession, harming public health particularly in low- income communities. 21

Budget Blueprint Expanding Opportunity Health Access Blueprint’s Health Access Proposal: Phase in Medi-Cal rate increases to restore reimbursement rates to ensure adequate health providers for the expanded Medi-Cal population. Restore Public Health programs – such as: the Early Mental Health Initiative; Asthma Public Health Initiative; and Black Infant Health – to improve public health and to avoid more expensive health costs down the road. 22

Budget Blueprint Expanding Opportunity Jobs Investments Jobs Background: California continues to create jobs as the state emerges from the Great Recession. However, the state’s unemployment rate remains high: 8.7% (but down from 12.4% in the depths of the great recession). Specific public investments and policies can accelerate job growth, and ensure more Californians are benefiting from the rebounding economy. 23

Budget Blueprint Expanding Opportunity Jobs Investments Blueprint’s Jobs Investments proposal: Infrastructure Investments: Put “one-time” funds to use for such things as clean energy, parks and schools and other one time investments. Cut the “red tape” and get $500 million in federal drinking water funds out the door that will greatly benefit the struggling areas of the state, including the Central Valley. Expand the Infrastructure Bank to build a robust revolving loan fund to benefit local governments fund projects. Allocate Cap and Trade revenues to reinvest into our communities. 24

Budget Blueprint Expanding Opportunity Jobs Investments Blueprint’s Jobs Investments proposal: Help Struggling Families get back to work: Expand Child Care slots and CalWORKs Job Training programs. Increase Community College Workforce Development. Establish California component of Ameri-Corps to assist entry into the workforce. Assist Veterans find employment through such efforts as fixing bureaucratic problems with state’s Veterans’ Employment Services, funding Work for Warriors, and expanding Conservation Corps slots for veterans. 25

Budget Blueprint Expanding Opportunity Jobs Investments Blueprint’s Jobs Investments proposal: Improve Business Resources: Expand Small Business Loan Guarantee program to generate hundreds of millions in new small business loans. Establish a California New Markets Tax Credit program that aligns with the federal program to generate investments in underserved, low income communities. 26

Budget Blueprint Summary The Budget Blueprint will be updated and refined throughout the public subcommittee hearings and as updated fiscal information becomes available. The Budget Blueprint will guide the Assembly as it works with the Senate and the Governor in crafting the State Budget. 27