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ACA-4

Homelessness and affordable housing.

Author: Jackson, Corey A. · In Committee Process · ACA

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This bill is projected to:
ReduceIncome & Work shortfall 12.4%11.4%
ReduceEquity shortfall 26.4%25.6%
ReduceSocial Cohesion shortfall 63.0%61.5%

Fiscal Impact

10,000,000,000 dollars per year10,000,000,000 dollars per year(est. 10,000,000,000 dollars per year)

The bill mandates a transfer from the General Fund to the HOME Account of a sum equal to or greater than 5% of the estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. Based on the bill's text, this is estimated to be at least $10 billion annually for 10 years. This represents a significant, dedicated state expenditure.; ACA-4 mandates an annual transfer from the General Fund to the HOME Account equal to or greater than 5% of estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. The bill text estimates this to be approximately $10 billion per year based on 2025-26 projected revenues. This represents a significant, dedicated annual expenditure from the state's General Fund for a 10-year period. The actual amount may fluctuate based on General Fund revenues and the 'budget emergency' clause.; ACA-4 mandates the transfer of a sum equal to or greater than 5% of the estimated General Fund revenues, beginning in FY 2027-28 and continuing until September 30, 2036. The bill estimates this to be approximately $10 billion annually based on 2025-26 projected revenues. This represents a direct allocation from the General Fund to the newly created HOME Account. The fiscal impact is a significant, dedicated expenditure from the state's General Fund for a decade, totaling approximately $100 billion over the 10-year period. The bill includes provisions for suspension or reduction during a declared budget emergency.

Category Impact Analysis

Income & Worksocial
Helps↑0.9 p.p. avg shortfall
Supplemental Poverty Rate: 15.4% → 13.9% (↑1.5 p.p.)U-6 Unemployment Rate: 9.3% → 9.0% (↑0.3 p.p.)
Equitysocial
Helps↑0.8 p.p. avg shortfall
Racial Equity Index: 40.0% → 38.5% (↑1.5 p.p.)Gender Pay Gap: 12.9% → 12.8% (↑0.1 p.p.)
Social Cohesionsocial
Helps↑1.5 p.p. avg shortfall
Income Inequality: 100.0% → 98.5% (↑1.5 p.p.)Life Dissatisfaction: 26.0% → 24.5% (↑1.5 p.p.)
CalDoughnut Score