Reparations for Black Californians could top $800 billion, 2.5 times the state's annual budget

Reparations for Black Californians could top $800 billion, 2.5 times the state's annual budget, per NBC.

California is weighing on $360,000 in reparations to eligible black residents, per Bloomberg.

One of the models under consideration suggests the state would owe a total of almost $640 billion to 1.8 million Black Californians with an ancestor enslaved in the US, per Bloomberg.

California’s task force has yet to say who would pay these sums. There is a projected $22.5 billion budget deficit.

“If California can admit its sins and change the narrative, then there is a way forward for states and cities across the nation,” said California Secretary of State Shirley Weber.

The Reparations Task Force was created in September 2020, with the passing of AB 3121. The Task Force has two main objectives: 1) To “study the institution of slavery and its lingering negative effects on living African Americans…and on society”; and 2) to make recommendations for “compensation, rehabilitation, and restitution for African Americans.”

Read more: https://unusualwhales.com/news/california-is-weighing-on-360-000-in-reparations-to-eligible-black-residents