SACRAMENTO – Senator Henry Stern released the following statement regarding the Senate’s passage of the 2017-18 state budget:
“California's economy is surging, and while we could have spent more, this budget shows restraint. Given the chaos in Washington, and inevitability of future downturns in the economy, bolstering the rainy day fund to $12 billion and reducing long-term pension liabilities makes good fiscal sense,” stated Senator Henry Stern.