Brown said that in the past the state has experienced 10 recessions since World War Two and we must be prepared for the next one. The proposal shows how far we have come as a state in the past seven years in increasing investments in education so our students can continue to succeed in college and the 21st Century economy. "Let's not blow it now".
One of the biggest goals involves filling the Rainy Day Fund with a $3.5 billion supplemental payment plus a constitutionally required transfer. For the Senate, that means investing in our K-12 schools - especially by fully funding our Local Control Funding Formula to help close the achievement gap in our state. I applaud the Governor for bringing our budget reserve to 10% of the total state budget.
Brown's budget includes $18.7 billion for transportation programs and improvements, up from the $18.1 billion allocated past year, a modest 3 percent increase. For K-12 schools, 2018-19 funding levels will increase by about $4,600 per student above 2011-12 levels.
Brown proposed giving the community college system $120 million to begin creating an online community college that would first enroll students in late 2019. The online college would provide a new affordable pathway to higher wages through credentials for those who don't now access the California community college system. Jerry Brown's proposed budget.
Under Brown's plan, no community college campus would receive less money than it did under the 2017-18 formula.
Intel Partners With SAIC Motor In Autonomous Car Technology During CES 2018
Intel's CEO also announced that the company has shipped the first 49-qubit quantum computing test chip to its partner QuTech. As part of the collaboration announced, SAIC will develop self-driving vehicles in China based on Mobileye's technology.
Brown's budget proposal also allocated $100 million to fund a new online community college program and funding to cover all tuition and fees for first-time California community college students next year. "Lately, it's been between 1 and 3 percent".
The $131.7 billion budget plan for 2018-19 would fill the state's rainy day fund, which stockpiles funding for a possible future economic downturn, and increase funding for a program supporting low-income students. California continues to be the national leader among states in implementing the optional expansion of ACA with almost 3.9 million Californians covered in 2018-19.
Timothy White, Cal State's chancellor, called the proposed budget "both concerning and surprising". This act provides $55 billion in new funding over the next decade, split evenly between state and local projects. Cities and towns will see significantly more money in their coffers - $2.7 billion compared to $1.6 billion previous year - to pay for local street and road repairs, thanks to the gas tax. "The only way to maintain that stature is with continued higher education investment".
- Matching locally generated funds for high-priority transportation projects ($200 million).
Brown said his administration had turned what he described as a $27 billion deficit when he took office in 2011 into a surplus, adding that he doesn't want to leave a fiscal mess for his successor when he terms out after this year's election. Voters turned their wrath on Brown's leadership by passing the Proposition 13 initiative in 1978, which amended the California Constitution to limit the legislature's ability to raise property taxes to increase spending.