Laird Issues Budget Subcommittee Report on 08-09 State Budget

SACRAMENTO – Assembly Budget Chair John Laird (D-Santa Cruz) today issued the Budget Subcommittee report on the 2008-2009 State Budget. 

From the report summary:

“On May 30, 2008, the Assembly Budget Subcommittees completed their recommendations for crafting the Assembly's version of budget for 2008-09.  In total, the Assembly's version of the budget contains $104.4 billion in available General Fund resources, $102.2 billion in General Fund expenditures, and a total available reserve of $1.3 billion.

The Assembly version takes a balanced approach to crafting the budget with tough cuts in every area of the budget, modest revenue increases, and debt costs shifted to lottery securitization funds. There are no accounting schemes, no smoke and mirrors, and no unreasonable assumptions.”

The complete 69-page report details the Assembly’s budget actions in each of the five budget subcommittees:

• Health and Human Services
• Education Finance
• Natural Resources and Environmental Protection
• General Government and State Administration                          
• Information Technology and Transportation

To view the report and for more information on the State Budget, go to: http://democrats.assembly.ca.gov/members/a27/budget08.htm