Controller Comments on Governor’s May Revise Proposals

State Controller John Chiang today issued the following comment on Governor Brown’s proposed May Budget revisions:

“The test of a budget’s soundness involves looking at its sustainability, honesty,
and whether it positions California for lasting economic prosperity. While the
particulars will be ironed out in the days ahead, I commend Governor Brown for presenting a plan that appears to avoid one-time gimmicks, begins reigning in the
State’s borrowing, and offers fundamental and cost-effective reforms for the delivery
of local and state services.

“Once we receive the necessary data from the Department of Finance, my office
will update the State’s cash outlook based on a variety of likely scenarios.”