Republican Says California Budget Surplus Should Go To Taxpayers

SACRAMENTO (AP) - The top Republican on the Assembly budget committee says the state's budget surplus shows that Californians pay too much in taxes.

Assemblyman Jay Obernolte of Hesperia said Wednesday that California's substantial budget surplus should ideally be returned to taxpayers.

He was reacting to Democratic Gov. Jerry Brown's nearly $132 billion general fund spending proposal.

The governor seeks to put an additional $5 billion into a Rainy Day Fund for what he says is an inevitable recession.

Obernolte says that's a good start but the state must do even more to prepare. He says the surplus should be spent on one-time investments instead of new programs that would commit the state to future ongoing spending.

He also wants to pay down debt and liabilities that he said currently exceed $200 billion.

Copyright 2018 The Associated Press.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.