As legislative budget conference committee members discuss the state budget, Senate Republicans outlined their priorities to create a bi-partisan budget that is sustainable.
Senate Republicans support the following budget priorities:
Ø Invest in education – keep faith with voter-approved constitutional spending requirements for schools under Proposition 98.
Ø Continue to build the state’s new rainy day reserve as promised in Proposition 2.
Ø Pay down state debt and address unfunded liabilities like pensions that jeopardize our state’s fiscal future.
o The Department of Finance projects that under the Governor’s current spending policies, California will return to operating deficits in excess of $2.5 billion by 2018-19.
Ø Keep Proposition 30 taxes temporary. The dramatic increase in revenue from Proposition 30 taxes is short-term; and the Governor promised voters that these tax increases would be temporary.
Ø Invest money in infrastructure. Our roads and highways have been neglected for years; we pay a high cost for rough roads, spending more for repairs and maintenance, tire wear and increased fuel consumption. Gov. Brown has stated it will take close to $60 billion over the next 10 years just to get our roads and highways back in shape.
Ø Hold University of California to agreement to not increase tuition and increase state student enrollment.
Ø Heed the independent Legislative Analyst’s warning: “We are clearly on the upward slope of the state’s revenue roller coaster. But just as the state's revenue picture has improved significantly over just a few months, it can just as easily reverse course with a stock market or economic downturn. It is prudent that the Legislature act with fiscal restraint.”
Monday, June 1, 2015
Nielsen lays out GOP budget priorities
From the office of north state Sen. Jim Nielsen: