Senator Nielsen Urges Caution on Projected $31 Billion State Surplus

Wednesday, November 17, 2021

Senator Jim Nielsen, R-Red Bluff, today issued the following statement in response to the Legislative Analyst’s Office report, The 2022-23 Budget: California’s Fiscal Outlook, which projects a $31 billion surplus.

“A $31 billion surplus is not an invitation to build future spending obligations. 

“Legislative Democrats used up their bag of tricks last year to avoid triggering the Gann Limit, which restricts how fast state spending can grow.

“The Gann Limit, which was passed on the heels of Prop. 13, expressed the wisdom of voters.  The surplus either needs to go back to taxpayers or be used for essential functions, like education, infrastructure and paying down debt.

“As the vice chair of the Senate Budget and Fiscal Review Committee, I urge the Legislature and the governor to proceed with caution.”