WATCH: CA Pushes For BILLIONS In Reparations As State Faces Deficit DISASTER

This would cost the state around $640 billion, presenting practical questions about how the state would fund such a program while already facing a budget deficit of $22.5 billion for the coming fiscal year.

While no plan has been outlined for a large-scale reparations program, one potential funding source could be raising taxes on the wealthy. However, California's tax revenues are already much lower this year than the previous one. In January, California's monthly tax revenue was about $14 billion lower than during the same month last year. Meanwhile, tax revenue in the current fiscal year, which started in July, was about $23 billion lower than in the previous year, according to the Wall Street Journal.

March 13, 2023

It is uncertain how the state would pay for such an extensive project, but the proposed California American Freedman Affairs Agency would oversee reparations authorized by the state. Creating a new agency would be initiated through the Governor's executive branch and reorganization process. Still, both houses of the state legislature would have to approve the action, and the governor would have to sign it.

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The law creating the task force did not instruct the committee to identify funding sources. The task force is required to recommend to the legislature methods for calculating reparations and the scope of reparations. The state legislature will decide whether to implement the measures and send them to Governor Gavin Newsom's desk to be signed into law.

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The Committee had initially proposed $220,000 per person for Black Californians last year. Still, it recently increased the figure by more than 60% to $360,000 as one of many ideas being mulled to give out reparations. Economists and scholars consulting with the task force came to the latest proposal using a model that evaluated California's racial wealth gap, calculating damages related to injustices such as housing discrimination, mass incarceration, and health harms.

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The California Reparations Task Force was created amid the unrest following the 2020 murder of George Floyd in Minneapolis, and none of the panel's nine members are White. While some California cities, such as Oakland, Los Angeles, and San Francisco, have been pushing their reparations initiatives, some Black political activists disagree with the task force's agenda.

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A draft of the Committee's plan states: "While neither San Francisco, nor California, formally adopted the institution of chattel slavery, the tenets of segregation, white supremacy and systematic repression and exclusion of black people were codified through legal and extralegal actions, social codes, and judicial enforcement. A lump sum payment would compensate the affected population for the decades of harm that they have experienced, and will redress the economic and opportunity losses that black San Franciscans have endured, collectively, as the result of both intentional decisions and unintended harms perpetuated by city policy."