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SACRAMENTO – Today, Governor Gavin Newsom signed into law a comprehensive package of immediate actions that will speed needed relief to individuals, families and businesses suffering the most significant economic hardship due to COVID-19.
The package, passed by the Legislature this week, builds on the initiatives in the Governor’s January state budget proposal to provide cash relief to lower-income Californians, increase aid to small businesses and provide license renewal fee waivers to businesses impacted by the pandemic. In addition to these measures, today’s action will commit additional resources for critical child care services and fund emergency financial aid for community college students.
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The momentum generated by Senate Bill 74 (Borgeas-Caballero), otherwise known as the Keep California Working Act, has successfully pushed Governor Gavin Newsom and legislative leadership to include an additional $2.1 billion in economic relief for small businesses and nonprofits, to achieve the $2.6 billion requested in SB 74.
“In order to expedite relief in the budget process, this funding amount has been included in Senate Bill 87, an early action budget measure,” said Senator Borgeas. “I am pleased to be joining my colleagues as a principal co-author of SB 87. This announcement is a huge victory for supporters of the Keep California Working Act and struggling small businesses and nonprofits in need of economic relief due to the COVID-19 pandemic.”