Today, Senate President pro Tempore Toni G. Atkins (D-San Diego), Speaker Anthony Rendon (D-Lakewood), and Senate and Assembly Budget Committee Chairs, Senator Nancy Skinner (D-Berkeley) and Assemblymember Phil Ting (D-San Francisco), announced a Legislative budget agreement that will deliver prosperity and strengthen the future by putting California’s wealth to work.
The joint legislative plan, which contains the budget priorities laid out by both houses and includes elements the Governor included in his proposals, strikes the balance of providing real relief to families and small businesses—including $8 billion to help Californians withstand the rising cost of gas and consumer goods—while investing in programs that will bolster Californians and our economy. For more than a decade, responsible budgeting has been the cornerstone of Legislative Democrats’ approach, and this budget further builds upon that record by investing an unprecedented $37.5 billion in reserves.