California Stands To Receive Nearly $20 Billion Under House Economic Recovery Plan

Our colleagues at the Center on Budget and Policy Priorities (CBPP) have released preliminary analyses of the state-by-state impact of the House Economic Recovery Plan. The CBPP estimates that California would receive $11.1 billion from provisions that would increase the federal government’s share of Medicaid spending (Medi-Cal in California) in the current and next two federal fiscal years.  The state would also receive $7.8 billion from a new State Fiscal Stabilization Fund in the current and next federal fiscal years. Rough calculations suggest that these two provisions could bring $11.2 billion federal dollars to the state’s coffers over the next 15 months.

Other provisions of the Economic Recovery Plan would boost funding for education, unemployment insurance, child care, employment training and related services, food stamps, and SSI. 

 –Jean Ross

2 Responses to California Stands To Receive Nearly $20 Billion Under House Economic Recovery Plan

  1. Matt says:

    Where would this money come from???? I understand California stands to benifit, but at whose expense? If this is money borrowed (again) from China…..I think I’d rather have California figure out our problems without outside help than borrow from someone again.

  2. […] also wouldn’t all go towards solving the $40 billion hole in California’s general fund. That number may be closer to about $11 […]

Follow

Get every new post delivered to your Inbox.

Join 74 other followers