"The agreement avoids higher levies on corporations and includes tax incentives for the film industry as well as cuts to some social programs."
"Newsom initially proposed a $100 monthly fee for undocumented adults enrolled in Medi-Cal, California's version of Medicaid for low-income residents, beginning in 2027."
California Governor Gavin Newsom announced a budget agreement that allocates $750 million in tax credits for the film industry while reducing benefits for undocumented immigrants. The $321 billion budget for the upcoming fiscal year addresses a projected $12 billion deficit, requiring tough compromises between progressive social policies and business incentives. Notably, the plan revises health care for undocumented adults, imposing a $30 fee starting in 2027 and ending full dental coverage. These cuts aim to save over $3.3 billion in the coming years, reflecting ongoing challenges balancing the state's financial needs and social commitments.
Read at www.mercurynews.com
Unable to calculate read time
Collection
[
|
...
]