California's reparations task force was informed that compensating Black residents with reparations would cost the state $800 billion, according to economists they consulted.
to grant reparations to its Black residents could cost the state $800 billion – nearly triple the state's existing budget – economists predicted in a preliminary estimate Wednesday.
Jones-Sawyer sits on the reparations committee and is one of two lawmakers tasked with convincing Gov. Gavin Newsom and the state's other lawmakers to adopt the jaw-dropping expenditure. The task force is facing a July 1 deadline for coming up with a dollar amount for how much the state should give its Black residents.
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Reparations for Black Californians could top $800 billionEconomists for a California task force on potential reparations for Black residents estimate payouts could reach more than $800 billion for harm caused by policing and housing discrimination
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Reparations for Black Californians could top $800 billionSAN FRANCISCO (AP) — It could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations.
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Reparations for Black Californians could top $800 billionEconomists for a California task force on potential reparations for Black residents estimate payouts could reach more than $800 billion for harm caused by policing and housing discrimination
Read more »
Reparations for Black Californians could top $800 billionIt could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations.
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Reparations for Black Californians could top $800 billionThe preliminary estimate is more than 2.5 times California's $300 billion annual budget, and does not include a recommended $1 million per older Black resident for health disparities that have shortened their average life span.
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Reparations for Black Californians could top $800 billionIt could cost California more than $800 billion to compensate Black residents for generations of over-policing, disproportionate incarceration and housing discrimination, economists have told a state panel considering reparations. The preliminary estimate is more than 2.5 times California's $300 billion annual budget, and does not include a recommended $1 million per older Black resident for health disparities that have shortened their average life span. Black residents may not receive cash payments anytime soon, if ever, because the state may never adopt the economists' calculations.
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