Sen. Dodd Comments on California Early-Action Budget Pact

SACRAMENTO – Sen. Bill Dodd, D-Napa, issued the following statement today on an agreement between the Legislature and Gov. Gavin Newsom on a plan to reduce the state’s budget shortfall by $17 billion ahead of an expected vote next week:

“Nobody enjoys cutting the budget, especially when you’re talking about billions of dollars,” Sen. Dodd said. “But we need to be responsible and live within our means – just like families across the state. Now, we are taking clear action towards addressing this outsized shortfall. Senate leader Mike McGuire deserves credit for pushing this through, and I appreciate the governor and Assembly for working with us. Together, we will do the right thing for California.”

The Early Action agreement includes a mix of $17.3 billion in solutions including:

• $3.6 billion in reductions, primarily to one-time funding
• $5.2 billion in revenue and borrowing
• $3.1 billion in delays
• $3.4 billion in funding shifts from the general to other state funds
• $2.1 billion in deferrals

The package will be included in a budget bill that will be going into print in the coming days, and the package will be vetted by the legislative budget committees early next week. A budget bill could be taken up for votes in the Assembly and Senate as soon as Thursday, April 11.

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Senator Bill Dodd represents the 3rd Senate District, which includes all or portions of Napa, Yolo, Sonoma, Solano, Sacramento and Contra Costa counties. More information on Senator Bill Dodd can be found at www.senate.ca.gov/dodd.