Increases funding for: (1) eligible hospitals, clinics, and primary healthcare providers that serve low-income patients and medically underserved communities; and (2) educating and training certain healthcare workers. Provides dedicated revenue for this funding and program administration by taxing personal income over $1 million an additional 1%. Requires annual audit to verify funds are properly spent. Requires Attorney General or district attorneys to investigate misuse of funds. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Additional state revenues typically between $1.5 billion and $2.5 billion annually, depending on the economy and asset markets. This funding is allocated to safety net hospitals (70 percent), community health clinics (25 percent), and health care workforce development and training projects (5 percent) eligible for funding under the initiative.
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