Speaker pro Tem Mullin Applauds On-Time, Balanced State Budget
Rainy Day Fund Strengthened while Working Families, Schools and Medi-Cal See Increases
“Today, the California State Legislature passed its seventh on-time balanced budget in as many years. As a member of the Assembly Budget Committee, I am very aware of the hard work done by all of the budget sub-committees, the two house conference committee as well as Governor Brown and his staff.
I am proud to say the fiscal year 2017-18 State Budget is fiscally prudent. The Budget Act includes $127.5 billion in General Fund resources, $125.1 billion in General Fund spending, and $9.9 billion in total reserves, including: $1.4 billion in the regular reserve and $8.8 billion in the Rainy Day Fund. Total spending, including special funds and bond funds is approximately $184.5 billion.
The budget also supports working families, increases funding for schools, reduces pension liabilities and invests significantly in Medi-Cal. This budget also accelerates $2.8 billion toward improving our transportation infrastructure, improving commutes and building mass transit. In spite of the many positives in this budget, I am disappointed that affordable housing did not receive more immediate help.
While the 2017-18 budget is fiscally sound and supports all Californians, we cannot forget that adverse actions at the federal level have the potential to negatively impact our efforts. My colleagues and I are committed to protecting the progress California has made and will work to minimize the impact of any reduction in federal funding as well any economic downturns.”
Kevin Mullin represents the 22nd Assembly District and is the Speaker pro Tempore of the California State Assembly. He chairs the Select Committee on Biotechnology and serves on the following committees: Budget, Budget Subcommittee #3 on Resources and Transportation, Business and Professions, Elections and Redistricting, and Revenue and Taxation. The 22nd district includes the cities of Belmont, Brisbane, Burlingame, Foster City, Hillsborough, Millbrae, Pacifica, Redwood City, San Bruno, San Carlos, San Mateo, portions of South San Francisco and the San Mateo County Coastside communities of Montara and Moss Beach.