For Immediate Release - June 14, 2018 - 916-319-2022 (W)
Sacramento – “Today, the California State Legislature passed its eighth on-time balanced budget in as many years. As Speaker pro Tem and a member of the Assembly Budget Committee, I am proud of the hard work done by all of the budget sub-committees, the two house conference committees in cooperation with Governor Brown and his staff.
The 2018-19 budget is fiscally prudent. The contributions this budget allocates to the Rainy Day fund brings its total to the maximum of $16 billion. This budget also creates a new reserve fund, the Budget Deficit Savings Account which was first proposed in the Assembly, providing even more savings to help us ride out future economic downturns.