ASSEMBLYMEMBER JOHN LAIRD
27TH ASSEMBLY DISTRICT

For Immediate Release: July 20, 2007
Contact: Bill Maxfield
Phone: (831) 596-0910

Laird Releases 07-08 Budget Act Assembly Floor Report

Responsible Budget Fully Funds K-12 Education, Creates Larger Reserve and Blocks Governor's Most Draconian Cuts

SACRAMENTOAssemblymember John Laird (D-Santa Cruz) today released the 2007-2008 Budget Act Assembly Floor Report.  Release of the report follows the Assembly’s all-night session that resulted in approval of the State Budget Act this morning just after 4 a.m., by a 56-23 vote. 

The budget approved by the Assembly:

  • Creates a $3.4 billion dollar reserve, 62% larger than the Governor's proposed May Revision
  • Transfers $1.257 billion of gas taxes to the general fund
  • Repays $2.5 billion in bond obligations, $1 billion more than required
  • Preserves the Williamson Act
  • Rejects cuts to CalWORKS proposed by the Governor
  • Fully funds aid to Medi-Cal and the homeless mentally ill
  • Fully funds K-12 education

To view the overview and full report, click here.

For more on the 07-08 state budget, click here.

The Senate is expected to vote on the budget later today.


####
Capitol Office: State Capitol -- P.O. Box 942849 -- Sacramento, CA 94249-0027 -- Phone: (916) 319-2027 -- Fax: (916) 319-2127
District Office: Santa Cruz County District Office -- 701 Ocean Street, Suite 318-B -- Santa Cruz, California 95060 -- Phone: (831) 425-1503 -- Fax: (831) 425-2570
District Office: Monterey County/Santa Clara County District Office -- 99 Pacific Street, Suite 555D -- Monterey, CA 93940 -- Phone: (831) 649-2832 -- Fax: (831) 649-2935 -- Santa Clara County Direct Line: Phone (408) 782-0647

Assemblymember.Laird@assembly.ca.gov