(SACRAMENTO, CA) – Assemblymember Marc Levine (D – Marin County), today released the following statement following the California State Legislature’s approval of early budget action that will provide critical financial assistance to low wage families and small businesses struggling with the economic impacts of the COVID-19 pandemic.
“Today’s approval of nearly $9.6 billion in state aid will help families and businesses across California most impacted by the COVID-19 pandemic. Among today’s actions, I am proud to co-author SB 87, which will provide qualified small businesses and non-profit organizations impacted by the pandemic with over $2 billion in direct financial assistance. These grants will help keep the doors of small businesses open and provide essential financial support while the state implements its Blueprint for a Safe Economy. While today’s action is important, more must be done.”
“I am also proud to have supported AB 88, the Golden State Stimulus, which will provide qualified low wage Californians, including those that qualify for California’s Earned Income Tax Credit (CalEITC) with a one-time payment of up to $1200.00. In total, this $3.7 billion plan will help over 5.7 million low wage families struggling to meet their basic needs. Additional budget actions including $30 million to support local food banks and $5 million to support diaper banks needed to help young families with essential needs. While today’s action is important, more must be done.”
“Nearly a year ago, I supported a $1 billion action that helped California navigate through the unknown, early days of the COVID-19 pandemic. Since then, I have worked to provide billions more in aid to increase COVID-19 testing, expand hospital capacity, support businesses and families hardest hit by the pandemic, ensure equitable access to COVID-19 vaccines and am currently working with the governor and legislative leaders on a plan to safely reopen schools across the state. Clearly, more must be done.”
“Current state revenue estimates are up, but so are the needs of Californians struggling to get by. More must be done. Led by science, California must make all necessary resources available to help our state through this pandemic and its future economic recovery.”
For more information on today’s budget action, please visit: https://abgt.assembly.ca.gov/sites/abgt.assembly.ca.gov/files/Feb%2022%20Budget%20Trailer%20Bill%20Analyses%20Packet.pdf
# # #