SACRAMENTO – To ensure stability and expand opportunity in California, Speaker John A. Pérez (D-Los Angeles) and Assembly Budget Committee Chair Nancy Skinner (D-Berkeley) released the 2014 Blueprint for a Responsible Budget today, highlighting priorities Assembly Democrats will focus on in upcoming budget deliberations.
“By following this Budget Blueprint we can ensure fiscal stability in California by establishing a real rainy day fund and building the state’s budget reserve,” Speaker Pérez said. “We can also expand opportunity by making prudent investments in job creation, job training, early childhood education and higher education. With the budget process officially beginning next month, we believe it is helpful to the people of California to show some of the key priorities that will be shaping the discussion.”
The Speaker and Assemblymember Skinner said they planned to work closely with their legislative counterparts and the governor to approve a budget by the June 15 constitutional deadline. The governor’s initial budget proposal is slated to be released next month.
“This blueprint makes prudent use of one-time funds, pays down the debt and helps create jobs,” Assemblymember Skinner said. “While restraint is necessary to not invite the next bust cycle, this plan addresses the needs of our poorest children, improves access to healthcare and gets cap and trade revenues reinvested in our communities. I look forward to the thorough public process that will happen in the months ahead.”
The 2014/2015 Blueprint is based on the following two principles, achieving stability and expanding opportunity. Some of the key areas in the 2014 Blueprint for a Responsible Budget are:
- Crafting a real rainy day fund and building an $8 billion reserve to continue stability and prevent cycles of boom and bust.
- Establishing Universal Transitional Kindergarten to ensure more California children have access to the best possible start for their time in school.
- Funding Higher Education and Financial Aid by strengthening Cal Grants and expanding funding for UC and CSU to prevent further fee increases, expand enrollment and maintain quality.
- Reducing Child Poverty to address the intolerable situation where one-fourth of California children live in poverty, with life-long consequences.
- Investing in jobs and job creation, including expanding job training programs, fixing bureaucratic problems with state’s Veterans’ Employment Services, and generating hundreds of millions of dollars in loan guarantees for California’s small businesses to hire and expand.
Attached is more information about the Blueprint for a Responsible Budget or you can go to the Assembly’s website at http://asmdc.org/ and click on the Blueprint for a Responsible Budget button.
Below is a link to audio of Speaker Pérez talking about the 2014 Blueprint for a Responsible Budget:
Remarks from Speaker Pérez at today’s event. (4:48)
CONTACT: Will Shuck, (916) 319-2408