June 24, 2026 Assembly Budget Subcommittee No. 7 on Accountability and Oversight

Assembly Budget Subcommittee on Accountability and Oversight · June 24, 2026

0:00/1:53

1:53:32

0:00

20:00

40:00

1:00:00

1:20:00

1:50:00

Opening and scope

45:36 → 45:52(16s)

Moderator opens the Assembly Budget Subcommittee hearing and says the committee will consider ACA 20, a proposal to change the Budget Stabilization Account (the state's "rainy day" fund), and notes the measure will be taken up on the Assembly floor tomorrow.

Keywords:

Speakers:

Hearing of the Assembly Budget Subcommittee on Accountability and Oversight on ACA 20, a constitutional amendment to expand and reform California's Budget Stabilization Account (the "rainy day" fund); authors and state budget experts explained proposed changes including raising the cap from 10% to 20%, clarifying Gann-limit treatment, and updating eligible debt repayments; committee discussion raised questions about spending flexibility and protections for Proposition 98; public witnesses voiced support; bill expected on the Assembly floor tomorrow.

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

No transcript available.