California may end up paying more than $800 billion in reparations to black residents, economists told a state panel considering reparations, but the cost could be even more if lawmakers decide to include the panel’s recommended $1 million per older black resident with health issues.
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The $800 billion also does not include the reparation board’s proposed compensation for property taken by the government or black businesses that were devalued, The Associated Press reported Thursday.
The proposed reparations would still need to pass the state legislature and the governor’s office before going into effect, but the economists’ projections place the cost of reparations at over 2.5 times higher than California’s annual budget of $300 billion.
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