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:
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Bullshit.
…creating a tax on oil companies that extract oil in California…
Good, there’s a couple billion a year right away. I’ve been beating on that drum for a while. Before any of you big-oil-lovers try to say it’ll be passed onto us at the pump, UM, NO. Oil is a worldwide market and California’s tax won’t even be felt, but will help us immensely. Texas and Alaska have much bigger oil extraction taxes and nobody bitches about them. We’re the only oil-producing state in the nation without one.
OK I’m “clicking on more,” this sounds good. (Although I have to say I’m intimidated by the very articulate Jurgens.)
Securitizing is another word for borrowing, going into debt in return for cash up front. More smoke and mirrors from Sacramento in the form of mortgaging the future. Solorio needs to go back to kidding around with Norby on the floor.
Jurgens – short, to the point, accurate. No wonder Vern is so intimidated, but I thought he was still chained to that desk on Bristol, so I’m glad to hear from him.
“That desk on Bristol.”
So you heard I graduated from Mater Dei? And how much trouble I used to get in? The wagging tongues never stop…
“Protects and creates jobs”: The only jobs a hack like Solorio cares to “protect and create” are unionized government jobs. The private sector is an alien oncept to him.