CA FWD Statement On 2023-24 Budget Deal and Historic Infrastructure Investments

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CA FWD and the CA FWD Action Fund applaud Governor Gavin Newsom and the Legislature for agreeing to continue moving forward a historic infrastructure action plan included in the budget deals announced this week.

The much-needed investments in our state’s infrastructure build upon CA FWD’s report released last month which details the opportunity to realize up to $180 billion worth of projects and offers recommendations for accelerating projects while leveraging more funding.

Even with the state facing difficult budget decisions, these vital next steps will help close gaps in critical infrastructure spending while delivering good-paying jobs and projects to historically underinvested communities on an accelerated timetable.

To make this happen, significant and substantial regulatory and governance reform will be necessary and lawmakers should be commended for taking the first step in the right direction for Californians across the state.

The CA FWD report “Building a More Inclusive and Sustainable California” was the culmination of a partnership between Governor Newsom’s office, former Los Angeles Mayor Villaraigosa, CA FWD and the Boston Consulting Group, a strategic advisor on delivering new infrastructure ecosystems.

Additionally, we commend Senate Pro Tem Toni Atkins and lawmakers for sustaining and fully funding the California Dream for All homeownership program, which will help build generational wealth and get more families into homes. With seven in ten Californians saying that housing affordability is a large problem in their region, wielding as many tools to address affordability as possible should remain a top priority for lawmakers. Lifting up homeownership programs and also housing legislation that enables middle density development is a top priority in CA FWD’s 2023 Roadmap.