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Legislative News

Gov. Brown calls for review of Rainy Day Fund

Posted: 4/16/2014 Tags: budget election governor legislature Tags Views: 1592

As part of his continuing commitment to pay down California's massive "Wall of Debt," Governor Brown convened a special session of the Legislature to address the state's Rainy Day Fund.

The governor is asking legislators to revise a ballot measure that would divert additional funding to the Rainy Day account and would increase restrictions on how the funding can be used. The measure would require the funds to predominantly be used for natural emergencies, such as wildfires. Brown is urging California's elected officials to consider the use of funds to used to respond to fiscal emergencies as well.


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