Fiscal Caution Urged

fiscal-cautionIn his State of the State address earlier this month, Governor Jerry Brown urged “fiscal caution.” It is important that legislators make attempts to boost the state’s “rainy day fund,” especially since there are many infrastructure repairs that need to be made. That, he said, is more important than engaging in new programs right now.

This issue is not limited to Sacramento. According to the recent The Menino Survey of Mayors questioning 89 mayors nationwide, many are worried about their “cities’ aging infrastructure and they’d like more state and federal support.”

Nonetheless, it seems that Sacramento’s infrastructure is hardly the worst in the country. Indeed, since Anpac Bio-Medical has chosen to move its headquarters in the state’s capital. According to a recent article in PR Newswire:

“Sacramento is home to one of the world’s most diverse and cutting-edge life science communities, and is a magnet for innovative and life-changing technologies. The region has long been California’s best kept secret when it comes to healthcare discoveries. UC Davis is one of the top universities in the United States for innovation and research, with over $2 billion in economic impact.”

However, Governor Brown remains prudent. He is insistent on “focus[ing] on how we pay for the commitments we have already made,” via a “very progressive but volatile tax structure,” given the volatility of the global economy.