Economists estimate eligible Black residents may be owed a total of more than $800 billion, which is more than two-and-a-half times the total spending in California’s $300 billion-plus annual budget:
Estimated max payout: $800 billion
California 2023-24 budget’s $310 billion
Potential funding sources:
Recreational marijuana tax revenue
Installments by diverting from the state budget
Private “superfund” from wealthy donors
Source: Economist William Darity; California Reparations Task Force