Releases & Statements

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SACRAMENTO—Welcoming the governor’s call for a special session today, Assembly Speaker John A. Pérez said it was an important step toward ending California’s budgetary rollercoaster ride, and issued the following statement:

“This is a welcome and helpful development,” said Speaker Pérez (D-Los Angeles). “Assembly Democrats first proposed a permanent rainy day fund last May, and we look forward to working with our Republican and Senate colleagues to build a reliable system that handles short-term revenue spikes differently than ongoing, stable revenue streams. We need to establish a solid system for saving money in good years, so that we can better weather the bad years. We need a mechanism that not only strengthens our constitutional reserve, but also gets us off the rollercoaster ride of revenue spikes and dips that has caused so much trouble in recent years.”

CONTACT: John Vigna (916) 319-2408

Website of Assembly Speaker John A. Pérez: www.asmdc.org/speaker