Time for Caution; Not for Spending Spree

Wednesday, November 16, 2016

Vice Chair of the Senate Budget Committee Senator Jim Nielsen (R-Gerber) issued the following statement regarding the Legislative Analyst’s budget forecast for 2017-18:

“Legislative leadership should heed the independent Legislative Analyst’s warning of uncertainty about our economy. His forecast comes on the heels of the Brown Administration’s report of a nearly $400 million decline in revenue last month. Now, more than ever, is the time to put more money in the Rainy Day Fund to prepare for the anticipated ‘mild recession.’”