Published : Thursday, January 10, 2019 | 2:05 PM
“Today’s budget shows that our state is in a positive position for the long-term while investing an additional $4.8 billion in our Rainy-Day Fund — bringing its total to $15 billion,” said the senator.
He highlighted the $1.4 billion marked for higher education and $40 million for a second free year of community college tuition contained in the package. Noting that his 25th Senate district is home to public schools, community colleges, and four-year universities, Portantino remarked that, “California is ensuring a long term investment in higher education for all students at any level.”
In releasing the spending blueprint, Newsome said “this budget lays a strong financial foundation for our state by eliminating debts, expanding the rainy-day fund and paying down our unfunded liabilities.”