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California: New budget creates seismic shift in the Board of Equalization, expands the EITC

Earlier this month, the state’s $183 billion budget bill for the 2017-18 fiscal year, AB 97, passed both chambers. This week, Gov. Jerry Brown signed it into law.

CALMatters quoted Gov. Brown’s characterization of the budget as “balanced and progressive.” “Progressive” refers to the fact that it expands benefits for many poor Californians, which make up 25 percent to 33 percent of the Golden State’s 39 million residents. “Balanced” means that the budget spends “every last dollar” the state is projected to receive.

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