More than a century and a half after the famous California Gold Rush, the Golden State continues to experience unpredictable boom-and-bust cycles. But now, they take the form of the state’s annual budget — and for the first time in years, the state faces at least a $22.5 billion budget shortfall due to inflation and poor stock market performance.
The result is a budget proposal from Democratic Gov. Gavin Newsom that makes major cuts to some programs, while maintaining high spending levels in education and for progressive priorities like universal pre-K and healthcare for undocumented immigrants.
One of the programs that may be vulnerable this year is the state’s nonprofit security grant program, which last year provided almost $50 million in grants to help nonprofit organizations fund security expenses.
Jewish Insider
May 4, 2023
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