Assemblymember Chris Holden’s Statement on Budget Agreement
Sacramento, CA – Today, the California Legislature passed the Fiscal Year 2017-18 Budget, the final agreement between the legislature and Governor Jerry Brown. The budget increases spending to $125 billion but continues to grow reserves, including the Rainy Day Fund to $9.9 billion. Assemblymember Chris Holden released the following statement:
“After a robust negotiation process we have once again reached a budget agreement that is not only responsible, balanced, and on-time, but also protects and expands California’s progressive gains to meet the challenges we face.
This budget increases funding for K-12 schools, community colleges, UCs and CSUs; expands California’s Earned Income Tax Credit to support 1.1 million more working families; and develops long-term strategies to continue making progressive improvements to combat poverty.
As the budget relates directly to the 41st Assembly District, I’m proud of the work done to restore one million in funds for the Pasadena Playhouse renovation projects as it celebrates its 100th Anniversary. I’m also pleased to see $9.5 million in funds for the California Violence Intervention and Prevention Grant Program that will help organizations like Pasadena’s Flintridge Center to reduce recidivism.”