Assemblymember Laird Releases Preliminary Budget Conference Report

SACRAMENTO – Assembly Budget Committee Chair John Laird (D-Santa Cruz) today released the Preliminary Conference Report on the 2007-2008 Budget, prepared by the Assembly Budget Committee.  In releasing the Preliminary Report, Mr. Laird stated:

“On June 29, 2007 , the Budget Conference Committee completed their work crafting the budget for 2007-08, thus culminating a five-month process of well over 100 subcommittee, full committee, and Conference Committee hearings.  During which time, countless issues were presented, debated and acted upon, resulting in a final budget that is fair, responsible, and balanced. 

In total, the Conference version of the budget contains $105.7 billion in available General Fund resources, $104.4 billion in General Fund expenditures, and a total available reserve of $2.023 billion.

The Conference version is similar to the Governor's May Revision proposal in that they both have almost identical actual reserves and neither have a lot of new programs.

To review the Preliminary Report, click here.