Sen. Dodd: Legislature Approves Early Action Budget Plan

SACRAMENTO – Sen. Bill Dodd, D-Napa, issued the following statement today on the Legislature’s passage of its own early action budget plan, agreed to by Gov. Gavin Newsom, to reduce the state’s budget shortfall by $17 billion:

“Being proactive about addressing this daunting shortfall is absolutely the right thing to do,” Sen. Dodd said. “It’s not fun to make cuts and nobody enjoys it. But we must be responsible and live within our means.  I appreciate Senate leader Mike McGuire for pushing this through, and credit the governor and Assembly for working with us.”

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

###

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.