FOR IMMEDIATE RELEASE: June 15, 2015
CONTACT: Jacqui Nguyen @ (916) 651-4029
Senate Republicans Say Democrats’ Budget Bill is Fiscally Irresponsible
SACRAMENTO – Today, California’s constitutional deadline to get a responsible and balanced budget came and passed. Senate Republicans voted against AB 93, the Budget Act of 2015, stating that the proposed budget was too risky, incomplete, and relied on speculative revenue assumptions.
The legislative Democrats’ budget bill depended on $3.2 billion of speculative revenues and would spend $2 billion more compared to the Governor’s proposed budget. Senate Democrats use speculative revenue projections to justify record levels of new state spending, $15 billion more than 2014-15, intentionally putting our state’s long term financial health at great risk. Continue reading