Ting Statement on LAO Fiscal Outlook

Wednesday, November 15, 2017

(SAN FRANCISCO, CA) – Assemblymember Phil Ting (D-San Francisco), Chair of the Assembly Budget Committee, released the following statement in response to the Legislative Analyst’s Office (LAO) fiscal outlook in anticipation of the 2018-19 fiscal year:

“California remains on the right track; our progressive investments and responsible budgeting has put the state on strong economic footing.  Today’s fiscal outlook is just the first forecast for crafting the upcoming 2018-19 budget act, so we will have more precise information in the coming months.  If revenues come in as forecasted, then we will want to build on the California policy model by first building the Rainy Day Fund even higher to protect against the inevitable future economic downturn, and then to making responsible progressive investments to fight poverty, increase access to healthcare, improve schools and access to early education, reduce higher education student borrowing, invest in infrastructure, and fund public safety reforms.”

###

Contact: Jessica Duong, (916) 319-2019