2021-03-02 CC Agenda Packet - ITEM #14 - PRESENTATION - State BudgetCITY OF
ELSE GUNDO
Proposed FY 2021-2022
California State Budget
March 2, 2021
CITY OF
ELSEGUNDO
State Budget Overview
Total $227 billion
Key investments:
• Reopening Schools Safely
• Accelerating Economic Recovery and Job Creation
• $372 billion for COVID-19 Vaccinations
• Investments in K-14 Education
• Health Care Affordability and Aging
• Housing and Homelessness
• Emergency Response and Preparedness
• Climate Change Action
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 2
Proposed Budget Overview
Other highlights include:
• Housing, Community and Economic Development
• Environmental Quality
• Transportation, Communications and Public Works
• Public Safety
• Community Services
• $164.5 billion General Fund Budget
• $34 billion in total reserves
• Restores the state's rainy -day fund
3/3/2021
City of El Segundo 1 350 Main St. El Segundo, CA 90245
3
ELSEGUNDO
Potential Funding Opportunities for El
Segundo
• Capital Improvement Projects
• Green Projects
• Broadband Infrastructure
• Support for Businesses
ELSEGUNDO
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 4
State Legislative Relief Package
• Total: $7.6 Billion
What does it include:
• Direct Relief to Individuals and Families
• -$600 stimulus payments
• Immediate Relief for Small Businesses
• -$2.1 billion (grants up to $25,000)
• Fee Waivers for Heavily Impacted Licensees
• More Resources for Critical Child Care
• Additional Aid for Individuals and Families
• Emergency Financial Relief to Support
Community College Students
• CalFresh Student Outreach & Application
Assistance
3/3/2021
$600 RAPID CASH
FOR WORKING
FAMILIES MAKING
UP TO $30,000
ANNUALLY
GOLDEN STATE STIMULUS
2021-22 California Budget
City of El Segundo 1 350 Main St. El Segundo, CA 90245
#CaliforniaForAll
#CAbudget
1 I 1 (,i 111U
One -Time Budget Windfall
• $15.5 Billion one-time windfall for FY 2020-21
• One-time Spending. $8.1 billion
• Discretionary COVID-19 Response: $2.5 billion
• Housing & Homelessness: $2.3 billion
• Resources & Environment: $1.9 billion
• Business Assistance: $.9 billion
• Other: $.5 billion
• Economic Uncertainty Reserve: $2.9 billion
• Revenue Reductions (tax reductions): $2.5 billion
• Permanent Expenditures Increases: $1.3 billion
• Additional Payments Towards Debt: $.7 billion
ELSEGUNDO
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 6
In Billions State Legislative Analyst's Office Forecast for General Fund
$20
$15
$10
$5
$0 1 -
■ FY 2020-21 ■ FY 2021-22 ■ FY 2022-23 ■ FY 2023-24 ■ FY 2024-25
Major Drivers of Cost Growth From 2020-21 to 2024-25
100%
rn
40
20
Medi-Cal 31.146
�- _- Other 2.�6aY6
CDCR 4jO%
DDS 42%
Universites 7.9%
I HSS i 0.0%
En-iplayee
Compensafiona 10.4% S200
billion
100
Schools and
Community Colleges 29A%
2020-21 2021-22 2022-23 202a-24 2024-25
s Excludes CDGR employees.
I#4SS = In Home Supportive Services; DDS = Department of Developmental Services; and CDGR = Ca forma Department of Corrections
and Rehabilitation.
Proposed Federal Relief Package
$350 billion for states, municipalities, counties, tribes, and
territories
• $130 billion is for local governments split evenly between municipalities
and counties.
• $65 billion allocated through modified CDBG formula
• $45.5 billion for entitlement communities (+50k)
• $19.5 billion for non -entitlement communities (-50k)
• El Segundo's allocation is $3 million
ELSEGUNDO
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 9
Other Critical Relief
Housing
• $25 billion for rent and utility assistance
• $5 billion for homeless intervention
• $10 billion for homeowner mortgage assistance
• $100 million for housing counseling
Education
• $128.5 billion for grants to State and Local Educational Agencies
Transportation
• $50 billion for FEMA to reimburse for PPE • $30 billion for transit
• $8 billion for airports
• $3 billion for Economic Development Administration
EL.SEGUNDO
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 10
Questions
ELSE[;UUDO
3/3/2021 City of El Segundo 1 350 Main St. El Segundo, CA 90245 11