California Proposes Majorly Education Spending Increase

California Governor Gavin Newsom is having a productive first week in office.
On Thursday, he proposed $144.2 billion in general spending for the state, including for increases in healthcare and education spending.
Newsom’s fiscal blueprint includes $13.6 billion for what he calls “budget resiliency,” for paying for the state’s unfunded retirement liability and to pay down debt.
The general fund would include a record $80.7 billion in spending for public school education.