Gov. Jerry Brown released a revised state budget proposal that boosts education funding to an all-time high, fills the Rainy Day Fund to the brim and directs billions of dollars in one-time surplus funding to combat homelessness, improve mental health services and rebuild crumbling infrastructure.

“We’re nearing the longest economic recovery in modern history, and as Isaac Newton observed: What goes up must come down,” Brown said. “This is a time to save for our future, not to make pricey promises we can’t keep. I said it before and I’ll say it again: Let’s not blow it now.”

As California’s economy has recovered from the Great Recession, the state has continued to invest in its core priorities, including: increasing K-12 education funding to record levels; raising the minimum wage; expanding health care coverage to millions more Californians; improving transportation and water systems; and paying down debts.

Significant details of the revised budget include counteracting the effects of poverty by expanding the state’s Earned Income Tax Credit program to workers between the ages of 18-25 and above 64, and adjusts income limits to reflect the minimum wage increase to $12 per hour in 2019. One of the ways it will address homelessness is by proposing to place the $2 billion “No Place Like Home” bond on the November ballot, which would expand housing opportunities for Californians with mental illness. For schools, this budget proposal increases K-12 school funding by about $4,600 per student compared to 2011-12 levels.

For information, visit ebudget.ca.gov.