BY A STAFF REPORTER
ARTESIA,CA-Assemblywoman Cristina Garcia was the keynote speaker at the State of the State Business Networking Luncheon, hosted by the Artesia Chamber of Commerce Aug. 5 at the Wok N’ Tandoor Restaurant here, where she reported to more than 100 in attendance that California “is thriving and doing well,
ARTESIA,CA-Assemblywoman Cristina Garcia was the keynote speaker at the State of the State Business Networking Luncheon, hosted by the Artesia Chamber of Commerce Aug. 5 at the Wok N’ Tandoor Restaurant here, where she reported to more than 100 in attendance that California “is thriving and doing well,
but there is still much work we need to do because there are people in our state who have yet to feel the benefits of our robust economy.”
Garcia said the recently passed $126 billion state budget “continues to emphasize stability as well as responsible spending.” Garcia also said there will be no cuts from essential services and programs.
The Earned Income Tax Credit for low wage earners will continue so “that families are more financially secure and will have more money to spend in local businesses while reinvesting in their local economies.”
The budget also provides rate increases for child care and preschool programs, as well as for kindergarten and higher education. It also supports a two percent enrollment growth at community colleges and provides $200 million to expand career technical education programs.
“An additional $2 billion is deposited in the Prop 2 Rainy Day Fund, in addition to the amounts constitutionally mandated,” said Garcia. There is currently $86 billion in the fund just in case there is a future downfall in the state economy.
The budget also makes economic development a priority by providing more than $600 million in Affordable Housing investments. About $266.8 million in bond proceeds will continue to fund a competitive, multiyear program to combat homelessness and provide housing for the mentally ill. “In short, the state of the state is good,” said Garcia. “The legislature and the Governor are looking for ways to be responsible stewards of our economic good fortune. California has been upgraded to being the sixth largest economy in the world, and we want to be able to maintain that standing, if not improve upon it.”
Artesia Chamber of Commerce President and ABC Adult School Principal Dr. PaoLing Guo thanked Garcia for her report and for her hard work and dedication. She encouraged Artesia Chamber members to call Garcia’s office if they have any issues or concerns. “Her office is always accessible to us. We only have to reach out to them.”
Garcia said the recently passed $126 billion state budget “continues to emphasize stability as well as responsible spending.” Garcia also said there will be no cuts from essential services and programs.
The Earned Income Tax Credit for low wage earners will continue so “that families are more financially secure and will have more money to spend in local businesses while reinvesting in their local economies.”
The budget also provides rate increases for child care and preschool programs, as well as for kindergarten and higher education. It also supports a two percent enrollment growth at community colleges and provides $200 million to expand career technical education programs.
“An additional $2 billion is deposited in the Prop 2 Rainy Day Fund, in addition to the amounts constitutionally mandated,” said Garcia. There is currently $86 billion in the fund just in case there is a future downfall in the state economy.
The budget also makes economic development a priority by providing more than $600 million in Affordable Housing investments. About $266.8 million in bond proceeds will continue to fund a competitive, multiyear program to combat homelessness and provide housing for the mentally ill. “In short, the state of the state is good,” said Garcia. “The legislature and the Governor are looking for ways to be responsible stewards of our economic good fortune. California has been upgraded to being the sixth largest economy in the world, and we want to be able to maintain that standing, if not improve upon it.”
Artesia Chamber of Commerce President and ABC Adult School Principal Dr. PaoLing Guo thanked Garcia for her report and for her hard work and dedication. She encouraged Artesia Chamber members to call Garcia’s office if they have any issues or concerns. “Her office is always accessible to us. We only have to reach out to them.”
RSS Feed
