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Assembly to Take Up Tough Response to Fiscal Crisis

By: Bill Curtis
7:47 PM Tuesday, November 25th, 2008
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(Sacramento) – The California State Assembly will meet to debate and vote on a strong package of solutions to address the current year budget shortfall, prevent a cash shortage next spring, and significantly lower the projected 2009-2010 budget deficit. The package will be a combination of $8.1 billion in cuts, $8.1 billion in new revenues, and $800 million in other solutions.

“The cuts and revenue increases we are going to vote on are real, with no gimmicks or new borrowing, and they are consistent with the recommendations of the non-partisan Legislative Analyst’s Office,” Assembly Speaker Karen Bass said. “This package contains difficult cuts and revenue increases that are tough for everyone to swallow, but they are what is needed to address our fiscal disaster responsibly and they should be supported by a strong majority in each caucus – Democratic and Republican. I’m confident Assembly Democrats will once again step up to the plate and show real leadership by accepting cuts we don’t like, as we already have. California needs our Republican colleagues to finally do the same regarding revenues. We are running out of time.”

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