- Created on Friday, 15 June 2012 19:56
- Written by Imperial Valley News
Sacrament, California - Assemblymember V. Manuel Pérez (D-Coachella) issued the following statement regarding today’s passage of the state budget:
The budget was passed on time and it is balanced. We were able to protect public education, contingent on the passage of the revenue proposal in November. We made major cuts to every area, though we did what we could to spare some of the worst cuts to CalWORKs, healthy families, CalGrants, and childcare. State spending is now at its lowest point as a share of personal income in 40 years. Cutting further will not facilitate the growth we need in our economy to recover as a state. There is still much we can do on that front through regulatory reform and economic development policy that improves access to capital and supports small businesses. This was a tough budget to support, one that will create challenges for many California families, but given our lower revenue expectations, it closes the structural deficit and puts us on a path to a more sound financial footing with a structural reserve by 2015-16.