2018-19 Budget Protects & Expands the Middle Class
Funds Critical San Fernando Valley Projects
(SACRAMENTO, CA) – Assemblymember Adrin Nazarian applauded Governor Jerry Brown for signing the 2018-19 Budget, which protects and expands the middle class—making fiscally responsible investments in education, infrastructure, healthcare, and social services programs. The $201.4-billion budget also adds to California’s rainy-day reserve fund, projected to stand at $13.8 billion.
“This budget is a win for middle class families in California and the San Fernando Valley. We are extending the Film & Television Tax Credit Program, repairing our freeways and local roads, investing in education, and providing critical funding for some excellent local programs,” stated Assemblymember Adrin Nazarian.
Highlights of the budget include:
- Film & Television Tax Credit Program extended to 2025 which has generated an additional $1.4 billion in wages for below-the-line crews and a sustained 12% increase in hours worked.
- $500 Million for the Homelessness Crisis to help large cities and counties with homelessness prevention efforts, including funding emergency shelters.
- $4.6 Billion for Freeway and Road Repair Projects The funding will repair neighborhood roads, state highways and bridges, fill potholes, ease congestion in busy trade and commute corridors and improve and modernize passenger rail and public transit. $1 billion has already been allocated to LA Metro for several projects, including the creation of the East San Fernando Valley Transit Corridor.
- Increased School Funding. The budget increases funding by more than $4,600 per student over 2011-12 levels and directs $78.4 billion in funding to K-14 schools – a 66 percent increase in annual funding from seven years ago. Additionally, the state will fully implement the Local Control Funding Formula, correcting historical inequities in school district funding.
- $609 Million increase for colleges and Universities University of California and Cal State University systems will not raise tuition.
- $800,000 to the Los Angeles Valley College Family Resource Center. This one time funding comes from Proposition 98 to go to the Los Angeles Community College District. LA Valley College Family Resource center has led the effort to support student parents in higher education, as well as other vulnerable populations including food and housing insecure students and workforce participants going through short-term training.
- $300,000 to the Mid Valley Intergenerational Multipurpose Center in Panorama City. Sustained funding will allow the Center to continue to provide programs and supportive services for use by the entire local community.
- $150,000 to revitalize the Studio City River Greenway improving bike and pedestrian access points, restore native plants, and enhance public health and safety.
Adrin Nazarian represents the 46th Assembly District, serving the San Fernando Valley communities of Hollywood Hills, Lake Balboa, North Hills, North Hollywood, Panorama City, Sherman Oaks, Studio City, Toluca Lake, Valley Glen, Universal City, Van Nuys, and Valley Village.
CONTACT: Brian Stedge, (818) 376-4246, Brian.Stedge@asm.ca.gov