Sacramento, California - Governor Gavin Newsom today released the following statement regarding the California Legislature’s Conference Committee on the Budget:

"I appreciate the hard work of the Budget Committee chairs Senator Holly Mitchell and Assemblymember Phil Ting and all the members of the Conference Committee to develop and adopt a budget framework that is structurally balanced and invests in a California for All.

"The budget adopted by the Conference Committee is balanced, creates historic reserves and expands budget resiliency. It also invests in emergency preparedness and response, provides sustainable funding for safe drinking water, and includes important funding augmentations to address the cost crisis in our state – tax cuts for small businesses and working families, expanded health care subsidies, historic funding for our schools and funding to serve more students at UC and CSU.

"I want to thank Senate President pro Tempore Toni Atkins and Assembly Speaker Anthony Rendon for their extraordinary leadership, and I look forward to continuing to work with the Legislature to enact a budget and related trailer bills that address California’s priorities."