Assemblymember Avelino Valencia (D-Anaheim) announces the introduction of ACA 1
SACRAMENTO, CA – Assemblymember Avelino Valencia (D – Anaheim) made a significant move towards securing California’s financial future by introducing Assembly Constitutional Amendment 1 (ACA 1). This proposed ACA aims to strengthen the state’s economic stability by revising the rainy day fund and updating the rules that govern the Gann limit. These measures, alongside prudent budget management during surplus years, will better prepare the state and its communities for future economic challenges.