This morning, Governor Gavin Newsom presented his proposed
$227 billion budget for the 2021-2022 fiscal year, of which $164.5 billion is from the General Fund. The Governor’s proposed budget relies heavily on one-time expenditures, avoiding long-term liabilities, since the State’s out year projections predict reduced revenues. Additionally, the Governor made it clear federal COVID-19 relief assistance is expected to increase spending and that he would work with the Legislature to allocate federal funds as they become available.
The budget reflects $34 billion in budget resiliency – budgetary reserves and discretionary surplus – including: $15.6 billion in the Proposition 2 Budget Stabilization Account (Rainy Day Fund) for fiscal emergencies; $3 billion in the Public School System Stabilization Account; an estimated $2.9 billion in the state’s operating reserve; and $450 million in the Safety Net Reserve. The Administration is predicting a $15 billion surplus.
This proposed budget prioritizes the Governor’s goals of economic recovery, equity, climate resiliency and emergency response. Governor Newsom was clear that every budget allocation was made in an effort to achieve these four goals.
I. Sustainable Agriculture
Governor Newsom was clear in his press conference that sustainable agriculture achieves the joint goals of addressing climate change and equity in historically disadvantage communities.
The proposed budget aims to advance Climate Smart Agriculture by investing in:
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Funding Agricultural Replacement Measures for Emission Reductions (FARMER)—$170 million one-time Greenhouse Gas Reduction Fund ($90 million in 2020-21 and $80 million in 2021-22) for the Air Resources Board to provide funding that supports the replacement of agricultural harvesting equipment, agricultural pump engines, tractors, and other equipment used in agricultural operations to reduce greenhouse gas emissions.
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Healthy Soils Program—$30 million one-time Greenhouse Gas Reduction Fund ($15 million in 2020-21 and $15 million in 2021-22) for the Department of Food and Agriculture to provide grants for on-farm soil management practices that sequester carbon.
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Climate Catalyst Fund—$50 million one-time General Fund to the California Infrastructure and Economic Development Bank (IBank) to support Climate Smart Agriculture loans to advance projects that may include but are not limited to: methane reduction; equipment replacement; water efficiency; healthy soils; circular economies; on-farm bioenergy; energy efficiency for food processing; and renewable energy systems and energy storage for agricultural operations.
The Administration is supporting local communities and the agriculture industry transition to sustainable groundwater use by aligning state investments and policies to enable implementation of the Sustainable Groundwater Management Act allocating:
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Sustainable Groundwater Management Act Grants—$60 million one-time General Fund ($30 million in 2020-21 and $30 million in 2021-22) to the Department of Water Resources for grants to support economic mitigation planning and groundwater implementation projects across critically over-drafted basins.
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State Water Efficiency and Enhancement Program Grants—$40 million one-time General Fund ($20 million in 2020-21 and $20 million in 2021-22) to the Department of Food and Agriculture to provide incentives that help farmers reduce irrigation water use and reduce greenhouse gas emissions from agriculture pumping.
The Administration proposed a four-year phased in mil assessment increase. The mil will be tiered based on EPA hazard designations, with the pesticides with highest toxicity being assessed the highest. At the end of the four years, those products will be paying approximately 45 mils. There will also be new money for DPR air monitoring and enforcement.
Lastly, the proposed budget includes $6.7 million one-time General Fund ($3.35 million in 2020-21 and $3.35 million in 2021-22) to contract with the University of California Cooperative Extension to provide direct technical assistance and grants to technical assistance providers and small, mid-sized, and underserved farmers.
II. Equity and Economic Recovery
The budget includes a total of $384.6 million to support farmers with technical assistance, regulatory changes, and climate smart agriculture investments.
The budget also proposes a broad-based recovery package to support businesses, individuals and job creation both during the pandemic and as the State recovers. It totals $14 billion, including $3.5 billion in immediate relief for individuals and small businesses disproportionately impacted by the pandemic.
Lastly, the Golden State Stimulus is a tax refund for low-income households intended to provide cash support to families who are most likely to have suffered economically from the COVID-19 pandemic. Regardless of income, all Californians pay a variety of taxes, including on the purchase of taxable goods. Totaling $2.4 billion, this proposal would refund $600 of those taxes to all 2019 taxpayers who received a California Earned Income Tax Credit (Cal EITC) in 2020 as well as to 2020 taxpayers with individual tax identification numbers (ITINs) who receive a Cal EITC in 2021.