Solorio says new State Budget will fix deficit without raising taxes

For Immediate Release: June 15, 2010

For more information contact: Carol Chamberlain – office – (916) 319-2069 cell – (916) 804-5355

Assemblyman Solorio Touts Assembly Budget Proposal for its Emphasis on Jobs and Protecting School Funding

Speaker’s Budget Ensures Local Government, Education Are Funded

SACRAMENTO – Assemblyman Jose Solorio (D-Anaheim) today announced his support for the California Jobs Budget, a proposal by Speaker John A. Pérez that will resolve the state’s budget deficit without raising taxes on consumers while protecting 430,000 private sector, local government, and local school jobs.

“The only way to get our economy to truly recover is to immediately address the jobs issue,” said Assemblyman Solorio. “The California Jobs Budget protects and creates jobs, while repaying our obligations to schools and local governments.”

The proposal closes California’s $17.9 billion deficit primarily through securitizing the Beverage Container Recycling Fee (CRV) program which generates bond revenue, and creating a tax on oil companies that extract oil in California. In keeping with Speaker Pérez’s commitment to an open and transparent budget process, this proposal will soon be heard before legislative committees.
“Obviously, this proposal is the first step in a long process,” Solorio added. “Although this budget plan does include borrowing, it will be paid back through a healthy and reliable revenue stream. The alternatives are simply not acceptable. The Speaker’s budget plan allows us to move forward in our economic recovery through a focus on jobs.”

Highlights from the California Jobs Budget include:

• $1 billion job creation fund to stimulate California’s economy and get people back to work.
• The ability of California to draw down over $5 billion in matching funds from the federal government by not eviscerating critical health and human service programs.
• A savings of over 430,000 private and public sector jobs.
• $900 million to repay local governments.
• $3.8 billion to repay schools.
• $900 million to repay higher education.
• $1.9 billion to fund childcare programs.
• $1.4 billion to fund CalWORKS and Community College Programs.

To learn more about the Assembly’s California Jobs Budget Proposal, visit www.asmdc.org/issues/budget.

State Assemblyman Jose Solorio is the Chair of the Assembly Insurance Committee and serves on the Assembly Education, Transportation, and Appropriations committees. He represents the Sixty-Ninth Assembly District, which includes the cities of Anaheim, Garden Grove, and Santa Ana. For more information about Assemblyman Solorio, visit www.assembly.ca.gov/solorio.
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Capitol Office: State Capitol, P.O. Box 942849 • Sacramento, CA 94249-0069
Phone: (916) 319-2069 • Fax:(916) 319-2169
District Office: 2400 East Katella Avenue, Suite 640 • Anaheim, CA 92806
Phone: (714) 939-8469 • Fax:(714) 939-8986
E-Mail: Assemblymember.Solorio@assembly.ca.gov
Web Site: www.assembly.ca.gov/solorio