Budget Compromise Passes Senate

Thursday, July 7, 2005

CONTACT: Tom Collins @ (916) 445-4264

(Sacramento) Today, Senate Republican leader Dick Ackerman (R-Tustin) released the following statement after the Senate voted in favor of the budget:

“The budget that passed the Senate today is a compromise that reflects many of the priorities of Senate Republicans. This budget does not raise taxes. It allocates $1.3 billion for transportation projects, increases funding for education by $3 billion and pays off $1.2 billion owed to local governments.

“This budget is a compromise, negotiated by Republican and Democrat leaders. While I would have preferred to see more long-term debt paid off, the actions taken today put the state in a much better position to finally end years of deficit spending.

“In addition to closing the deficit that has plagued the state for several years, next year’s challenge will be to implement structural reforms and regain control over the irresponsible, auto-pilot spending policies that nearly bankrupted the state.

“Never again should California be in the precarious position of funding on-going programs with borrowing and creative accounting.”