ASSEMBLY REPUBLICANS’ PAY-AS-YOU-GO PLAN GOOD NEWS
There is much written today about the new proposal introduced by Assembly Republicans for a "Pay-As-You-Go" plan for infrastructure investment in the state. In essence, this plan says that the fiscally prudent course for California to set when looking at building and improving our state’s highways and roads, state universities , water storage, and flood control is to use money in the bank now – rather than maxing out the state’s ‘credit card’. We should be putting aside money every year from the general fund targeted towards these essential projects.
You see, over the past decades, there has been a total failure on the part of legislatures and Governors to address infrastructure needs in the state. The Democrats in charge of the legislature are intent on using tax dollars for their social engineering projects, and have preferred to let infrastructure needs be handled in a piecemeal fashion through assorted bond measures.
Any responsible strategic growth plan must include investment of current budget funds each year towards infrastructure.
I am no ‘policy guru’ by ANY stretch, but I had an opportunity last night to spend quite a bit of time on the phone with some policy folks from the office of Assembly Republican Leader Kevin McCarthy (did you see his piece on this plan on the FR yesterday?).
**There is more – click the link**