Ting's State Budget Blueprint Prepares California To Ride Out Economic Downturn Without Cuts

Tuesday, December 4, 2018

Sacramento – Due to a remarkable economy and responsible budget practices, California’s finances are in good shape today. However, a more robust reserve is needed to weather a recession. With that in mind, Assemblymember Phil Ting (D-San Francisco), Chair of the Assembly Budget Committee, unveiled his budget blueprint, Funding Progress | Protecting Tomorrow, calling for an incremental expansion of economic opportunities for all Californians while building up the reserve and paying down debt.

“We’ve invested wisely to keep California moving forward. Our goal is to maintain those investments that resulted in higher funding for education, poverty reduction, healthcare, housing and other priorities,” said Ting. “At the same time,  we need to protect the state against a recession by saving even more.”

Highlights of Funding Progress | Protecting Tomorrow include:

 ·         Focusing on One-Time Investments: bigger reserve, debt payment, infrastructure needs

·         Funding Promises Made: wildfire assistance, poverty reduction, enrollment expansion at UC & CSU; more financial aid; climate change policies

·         Measured Investments in Long-Term Goals: housing, homelessness, healthcare access, early childhood care/education

To read more about Funding Progress | Protecting Tomorrow, click here.

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