SACRAMENTO — California would get a boost under President Barack Obama's jobs proposal to cut taxes and increase spending, but it will not be enough to solve all the state's unemployment and budget problems.
Stephen Levy, senior economist at the Center for the Continuing Study of the California Economy in Palo Alto, said he would have liked to see a larger package for a state with 12 percent unemployment, the second highest in the nation. Obama's plan released this week calls for about $447 billion, about half as much as the 2009 federal stimulus program.
"I like the plan. I would have liked more," Levy said Friday.
According to the administration, California would get more than $13 million to prevent layoffs of teachers and public safety workers, modernize schools and community colleges, and build highways and public transit. It would provide an estimated $4 billion to support 51,500 construction jobs, $3.6 billion to support up to 37,300 teachers and first responders, and $2.8 billion on school upgrades for as many as 36,600 jobs.
The president proposed changes to unemployment insurance, which could help as many as 1 million long-term unemployed Californians. Obama introduced a new "Pathways Back to Work Fund" to provide low income youths and adults with job training.