A Response to California Governor's Budget Proposal
SACRAMENTO - George Runner issued the following statement in response to Governor Jerry Brown's 2014-15 Budget Proposal:
"A budget that demonstrates fiscal restraint is essential for California to stay on track. The Governor's high speed rail funding plan shows at least some of his funding priorities are off track.
"Increased revenues are primarily the result of temporary tax increases that will soon expire. California cannot solve its long-term budget problems by relying on temporary solutions that undermine job creation and economic growth.
"A comprehensive plan must prepare for the ending of the temporary tax increases Californians imposed on themselves to get out of the fiscal hole of overspending and recession.
"It is vital to set aside reserves for future shortfalls, or the Legislature may push to make temporary tax increases permanent. A strong rainy day fund is an important part of ensuring our state's fiscal stability.
"California's budget challenges will only be truly solved when a strong and healthy private sector is able to create jobs and opportunity for more Californians."
Elected in November 2010, George Runner represents more than nine million Californians as a member of the State Board of Equalization. For more information, visit www.boe.ca.gov/Runner.