Video: What You Need To Know About California’s New Budget

By Karina Gonzalez and Judy Lin, CALmatters

A few things about summertime in California have become utterly predictable: cineplex superheroes, beach crowds and a record-setting state budget.

Two years ago, we told you the state’s budget hit $180 billion—and that with that money you could buy the Los Angeles Lakers 60 times over. Last summer, the state budget set a new high at $201 billion—enough to purchase 32 NFL teams, twice.

The latest budget clocks in at an unprecedented $215 billion. Imagining what could be bought with all that greenery? We’ll tell you that and much more in our annual video breakdown of the budget in under two minutes:

And if you want a deeper dive, CALmatters has you covered:

• Judy Lin provides a detailed overview of the new budget
• Laurel Rosenhall analyzes what the negotiations reveal about power shifts in the Capitol
• Matt Levin and Barbara Harvey offer insights into the deal over housing funds
• Jackie Botts examines the expansion of the tax credit for the working poor

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