The legislature’s vote this week allows us to maintain the fiscal guardrails that have allowed us to cut taxes, invest in families and the economy, pay down pension debt, and save for the future. These guardrails have resulted in:
- Over $650 million in tax cuts
- $3.63 billion in additional payments towards our pension debt
- Over $200 million in preschool education and children's mental health programs
- Record savings in our rainy day fund, which currently stands at $6.48 billion
This legislation was a result of negotiations between both parties, the legislature and the governor. |