We are encouraged by the fiscal and policy choices in Governor Brown’s proposed budget revisions. The proposal to manage volatile revenue and create a strong reserve would implement California Forward’s long standing recommendations, and incorporates many of the suggestions we made this spring, including the need for consistent deposits to strengthen the Budget Stabilization Account.
Recommendations from the California Economic Summit, a project of CA Fwd and the California Stewardship Network, also were included in the May Revision. Targeted additional investment in career technical education and meaningful changes to infrastructure financing districts can both contribute to job creation and opportunities.
We are eager to engage with the Governor and the Legislature to ensure the 2014-15 spending plan continues these strong and responsible budgetary decisions to end boom and bust budgeting and provide tools needed improve California’s economy.
Jim Mayer is the President & CEO of California Forward and a member of its Leadership Council