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Governor Gavin Newsom signs SB 129, legislation that reflects the majority of the 2021-22 state budget agreement.
This a $100 billion budget is the biggest economic recovery package in California’s history. Touted as the "California Comeback Plan," part of the budget provides immediate cash relief to middle class families and businesses hit hardest by the pandemic, creating the biggest state tax rebate in American history and the largest small business relief package in the nation.
“Harnessing the largest surplus in state history, we’re making transformative investments across the board that will help bring all our communities roaring back from the pandemic – and pay dividends for generations to come,” said Gov. Newsom. “Through this comprehensive plan, the state is taking on the inequities laid bare by the pandemic, expanding our support for Californians facing the greatest hardships, increasing opportunity for every child, confronting homelessness head-on and doubling down on our work to build resilience against the climate change impacts that threaten California’s future. I thank Pro Tem Atkins, Speaker Rendon and both houses of the Legislature for their incredible partnership in meeting the unprecedented challenge and opportunity of this moment.”