Senator Gaines Issues Statement On California's Fiscal Outlook

Wednesday, November 16, 2016

SACRAMENTO – Senator Ted Gaines (R-El Dorado) today issued the following statement regarding the Legislative Analyst’s Office fiscal outlook for 2017-18:

“This report highlights an increased level of uncertainty and volatility for our state’s economic future. This doesn’t come as a surprise. Earlier this year, Governor Brown and the Department of Finance warned that another recession is inevitable and should be planned for. This report is just further evidence that we must get government spending under control. We should be dedicating our resources to paying down debt and liabilities and further increasing the rainy day fund. Our budget picture can change dramatically in just one year, proving that California needs to be a model of prudent, careful spending.”