BILL ANALYSIS �
AB 98
Page 1
GOVERNOR'S VETO
AB 98 (Budget Committee)
As Amended June 14, 2011
Majority vote. Budget Bill Appropriation Takes Effect
Immediately
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|ASSEMBLY: | |(February 22, |SENATE: |23-15|(June 15, |
| | |2011) | | |2011) |
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(vote not relevant)
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|ASSEMBLY: |51-26|(June 15, 2011) | | | |
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GOVERNOR'S VETO MESSAGE :
In January, I presented a balanced budget solution
with a mix of deep spending cuts and temporary tax
extensions subject to voter approval. My plan would
put these extended revenues in a lockbox, ensuring
that they are only used to protect education and
public safety. It would also address California's
long term fiscal crisis by substantially paying down
the $35 billion wall of debt built up over the last
decade. Yet Republicans in the Legislature blocked
the right of the people to vote on this honest,
balanced budget. Meanwhile, Democrats in the
Legislature made valiant efforts to address
California's budget crisis by enacting $11 billion in
painful cuts and other solutions. I commend them for
their tremendous efforts to balance the budget in the
absence of Republican cooperation. Unfortunately, the
budget I have received is not a balanced solution. It
continues big deficits for years to come and adds
billions of dollars of new debt. It also contains
legally questionable maneuvers, costly borrowing and
AB 98
Page 2
unrealistic savings. Finally, it is not financeable
and therefore will not allow us to meet our
obligations as they occur. We can and must do better.
A balanced budget is critical to our economic
recovery. I am, once again, calling on Republicans to
allow the people of California to vote on tax
extensions for a balanced budget and significant
reforms. They should also join Democrats in supporting
job creation and ending tax breaks for out-of-state
companies. If they continue to obstruct a vote, we
will be forced to pursue deeper and more destructive
cuts to schools and public safety a tragedy for which
Republicans will bear full responsibility.
Analysis Prepared by : Melissa Bowman / BUDGET / (916)
319-2099
FN: 0001308