California Chamber of Commerce President and CEO Jennifer Barrera issued the following statement regarding Governor Gavin Newsom’s May Budget Revise:
“We thank Governor Newsom for maintaining his commitment to a balanced, prudent, and growth-oriented state budget in the face of fiscal headwinds. By boosting reserves, refusing to increase taxes, and maintaining key investments in education, infrastructure, workforce, tourism, and public safety, this budget lays the groundwork for California to withstand the impact of a possible economic downturn.
“California businesses particularly appreciate the Governor’s comments emphasizing that tax increases are not the right thing to do and this is not the right time to consider them. Further, we strongly support Governor Newsom’s promise to focus on cleaning up homeless encampments, improving mental health services, strengthening public safety, as well as his effort to expedite building in California.”
The California Chamber of Commerce (CalChamber) is the largest broad-based business advocate to government in California. Membership represents one-quarter of the private sector jobs in California and includes firms of all sizes and companies from every industry within the state. Leveraging our front-line knowledge of laws and regulations, we provide products and services to help businesses comply with both federal and state law. CalChamber, a not-for-profit organization with roots dating to 1890, promotes international trade and investment in order to stimulate California’s economy and create jobs. Please visit our website at www.calchamber.com.