Frazier statement on Gov’s State of the State Address
SACRAMENTO – Assemblymember Jim Frazier, D-Discovery Bay, released the following statement after Gov. Jerry Brown’s final State of the State Address on the Assembly Floor this morning.
“Under Governor Brown’s administration and thoughtful planning, our Golden State is in far better shape today compared to the monumental deficit he inherited when he took office seven years ago. The governor and I have had major differences on issues that are important to my district, specifically the ill-advised Delta tunnels proposal. But I do applaud him for his leadership in righting the state financially these past seven years and for being an advocate for funding our transportation infrastructure.
Now that we are on solid financial footing, the Governor’s budget proposes fully funding the Rainy Day Fund to $13.5 billion, the largest cash reserve in our state’s history. We need to better prepare ourselves for the future. I propose doubling down on the Rainy Day Fund and adding an additional $1 billion to hedge against the next financial downturn.
History has shown us that the economy is like a roller coaster, it goes up and down. We have to be smart and disciplined now to prepare for those eventual economic downturns.”