Gov. Jerry Brown and the state Legislature came together Thursday to complete a budget agreement, just days before its deadline. Both the Governor and the Legislature are praising the new budget’s focus on the state’s rainy day fund, and investment in the state’s youth.
California’s Governor was searching for more fiscal responsibility from the Legislature as well as a small boost to social service programs. Gov. Brown described the Legislature’s budget as “a solid and sustainable budget that pays down debt, brings stability to the teachers’ pension system and builds at long last a reliable Rainy Day Fund.”
The 2013 $96.3 billion General Fund Budget was also filled with compromise, and had a strong emphasis on cutting into the state’s debt.
Senate President pro Tem Darrell Steinberg was also happy with the group’s negotiation, saying that the teamwork achieved great results. “This budget pays off debt, puts money in the Rainy Day Fund and invests in many priorities, with a clear focus on our children,” said Steinberg. “We’re expanding preschool for our youngest and career pathway programs for our older students.”
Speaker Toni Atkins also praised the budget, describing it as “the first time in almost a decade we [made] real investments in our people. We help reduce child poverty…we improve preschool, and child care for working families.”
California was recently ranked as the worst state for military veterans to live in, and Speaker Atkins believes the budget will help veterans.
“We invest in California’s infrastructure and significantly boost affordable housing, which not only makes life better for families, it helps create jobs,” said Speaker Atkins. “We were able to make these investments while reducing the debt hanging over our head and building a strong reserve for emergencies. For years California’s budgets were about getting out of a hole. This budget is about building a foundation for the future.”
Greg Cotta filed this report.