California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO).
Once we are born, there are two things we all are going to experience no matter how hard we try to avoid them, no matter how much money or fame we have. One of those things is death. The Bible is very clear that all of us will experience a single permanent death, no one gets out alive. The second thing is problems.
Shortly after the U.S. Senate passed President Joe Biden’s most ambitious pieces of legislation, a $1 trillion bipartisan infrastructure package, Democrats acted again by pushing through an equally enterprising $3.5 trillion budget proposal. The bill would make childcare more accessible, create universal pre-K, expand paid family and medical leave, and make community college free for the first two years.
On June 15, a new normal will be the case for the state of California.
I see the $6 trillion price tag on the Biden legislation as more of an investment than simple spending. A better-educated workforce earns more money, pays more taxes. A healthier workforce means less absenteeism, more efficiency, and productivity. Quality childcare means more women in the workforce —millions of women left in the wake of COVID. The investment makes sense to build our labor force back better.
Mayor Eric Garcetti today signed the city’s $11.2 billion budget for the 2021-22 fiscal year, which allocates historic spending of nearly $1 billion to combat Los Angeles’ homelessness crisis.
Governor Newsom hopes to have Californians fully vaccinated before the reopening on June 15.
Wendy’s Window
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks.
There are new adjustments to the working sector that the mayor outlined, the mayor noted that four out of ten people already lost their jobs this year. Garcetti stated, “ With limited federal support, and the County Public Health Department new orders about outdoor dining, the city must step up to provide relief to restaurants, so tonight I can announce the launch of Secure emergency relief for vulnerable employees.” This fund is open to a plethora of eateries including wineries and food trucks.
According to the Census Bureau post-enumeration survey, 800,000 African Americans went uncounted. What does this mean? It means once again, the voice of African Americans was denied. Many programs that impact African Americans are based in whole or part on data derived from the Census. History proves the disenfranchisement of Black people socially, politically and financially. Another ten years cannot pass before we realize how vital the United States Census is to the United States democracy.
Your financial wellbeing, or as we like to call it at Chase – your financial health – needs to become a part of your DNA.
Your feelings toward money can influence how you spend it.
The 88th Annual Hollywood Christmas Parade Featuring Marine Toys for Tots, produced by Associated Television International and presented in association with The City of Los Angeles, will be led this year by Access Hollywood television icon, MARIO LOPEZ and his family, who will serve as Grand Marshals.
There was a huge choir that veered from stirring, soaring gospel, then spit verses from Cardi B and sang lines from Queen Latifah’s “U.N.I.T.Y.”; a spoken word artist who reminded the audience that rock ‘n’ roll was invited by a Black, queer woman; and a stunning collection of clothes that ran the gamut from casual chic to red-carpet gowns, all modeled by Black or Brown faces.