Budget Deficit Gap Closed
Sacramento, Calif. – Today Democrats met the Constitutional deadline to pass a balanced budget. While midyear solutions approved in March included $11 billion dollars in expenditure reductions, this proposal solves the remaining $9.6 billion budget problem, and includes a total reserve of $1 billion. While this budget is not perfect, most elements within it provide a compromise to keep our state moving forward and prevent further negative impacts on working families.
“Today we put California’s working families first by rejecting an all cuts budget and restoring and protecting funds for programs and services for children and the elderly and preventing further devastating impacts to education. The budget the Legislature sent to the Governor was far from perfect, yet it represented a necessary step toward moving our state forward during these difficult economic times” said Lara.
Assembly Member Ricardo Lara (D-Bell Gardens) also worked with the Legislature to ensure local park projects did not lose their bond funding by pushing for a re-appropriation of bond revenues and an extension of the time allotted for use of the funds. Projects in the City of Cudahy and Bellflower were extended to 2013. He also supported efforts to ensure funding to improve drinking water infrastructure in communities served by mutual water companies in the cities of Maywood and Santa Ana.
Locally Relevant Provisions in the Budget: