FOR IMMEDIATE RELEASE: Wednesday, June 15, 2016
Contact: Lance Christensen (916) 651.4037, Lance.Christensen@SEN.CA.GOV
Sen. Moorlach Responds To Budget Discussions
SACRAMENTO, CA — “The Legislature voted to enact another record-setting budget. Unfortunately, transportation priorities are being neglected in favor of high-speed rail.
Consequently, California residents will be asked to chip in more as vehicle registration and cell phone fees are increased.
This budget does not position the state for forecasted cost increases in salaries and pension contributions. Sacramento’s willingness to increase California’s unfunded liabilities at the detriment of future generations has to be halted.
With an Unrestricted Net Deficit of $170 billion, California must stop mortgaging its future and prepare for the next economic recession by paying down debt and putting even more money away in the rainy day fund.”
About Senator John Moorlach (R-Costa Mesa):
State Senator John Moorlach represents the 37th district of California, is a trained Certified Financial Planner and is the only trained CPA in the California State Senate. He gained national attention 20 years ago when he was appointed Orange County Treasurer-Tax Collector and helped the County recover from its bankruptcy filing – at the time the largest municipal bankruptcy in U.S. History.