UPDATED: Unified GOP Legislators Introduce Budget Plan With No New Taxes — Will The Governor Embrace The Plan?
UPDATE 5:30PM — Senate Republicans released more details on their plan. I have replaced the attachments to this post with one new single attachment (in .pdf form) containing all of the details released on this no new taxes plan. California’s Republican legislators today unveiled a budget compromise that balances the state budget with no tax increases, and with no borrowing from local government or transportation funds. The proposal was unveiled earlier this afternoon by Senate Republicans, led by Senate Republican Leader Dave Cogdill who was joined by his colleagues. They were joined by Assembly Republican Leader Mike Villines and also Roger Niello, the Vice-Chairman of the Assembly Budget Committee, in a strong statement of GOP bicameral support.
I have attached some documentation that was disseminated by Senate Republican Leader Dave Cogdill with some high-level detail on the plan. Gone is the Governor’s proposed increase in the… Read More