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    Controller Betty T. Yee's California Fiscal Focus Newsletter - May 2020

    A Call for Bold, Strategic Public Investment

    To combat the devastating impacts of the novel coronavirus (COVID-19), governments have been rightly focused on solving the health crisis and saving lives. However, the lasting issue of saving livelihoods also must be addressed. Shuttering large parts of our economy has resulted in rapid and growing income loss to millions of Californians. The COVID-19 pandemic has laid bare that our old “booming” economy did not work for everyone. With the Band-Aid now ripped off, we have a unique opportunity to address decades of neglect to strengthen our economy with public investments that not only secure our survival but ensure equity and shared prosperity. Continue reading...