Assemblymember Chris Holden’s Statement on Governor Newsom’s 2019-2020 Budget

Friday, January 10, 2020

Sacramento, CA – Today, Governor Gavin Newsom presented his proposed 2019-2020 Budget. Assemblymember Chris Holden released the following statement:

“Governor Newsom’s proposal lays out a balanced and responsible budget that also reflects California’s progressive gains in these challenging times.

I look forward to working with Governor Newsom and my colleagues in the legislature to expand our reserves – now at $21 billion – while making strong investments in shared priorities such as education, affordable housing, and our environment.

The Governor is proposing a historic level of investments in education totaling over $100 billion for K-12 and higher education. These investments will be critical to closing the achievement gap in California and increasing the quality of education for all our students.   

The Governor’s $1 billion proposal to address homelessness, including launch of the California’ Access to Housing and Services Fund, offers a great starting point to shelter individuals without a roof over their head.

As we continue to experience the effects of climate change like catastrophic wildfires among others disasters, Governor Newsom’s $12.5 billion climate budget shows his commitment to reducing our greenhouse gas emissions, and to strengthening our resiliency plan in the face of an already changing climate.

I am also encouraged to see a new tax relief measure that will provide $100 million in savings for California’s new and small businesses.”