SACRAMENTO, CA — California Chamber of Commerce President and CEO Jennifer Barrera issued the following comments in response to the Governor’s budget proposal:
“Today, Governor Newsom’s budget highlighted the value of fiscal responsibility during the years when California experienced record budget surpluses. The disciplined approach California has taken in recent years to increase our reserves and pay down debt will allow us to continue to move our economy forward even in this challenging economic environment.
“CalChamber and our thousands of small business members urge the Governor and legislators to stand firm on commitments to keep costs as low as possible for employers so they can continue to invest in our economy and preserve the good paying jobs that California needs. California businesses and workers were the source of record past budget surpluses, and only a healthy private sector can rescue the California economy from further deficits.
“As we begin the budget process, we look forward to actively engaging with the Governor and Legislature as these proposals and the state’s financial situation evolve.”
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
Editors Note:
2023-24 State Budget Invests in Californians while Safeguarding State’s Future
SACRAMENTO – Governor Gavin Newsom today introduced a 2023-24 state budget proposal that maintains the state’s unprecedented investments in Californians while fortifying the state’s strong fiscal foundation amid economic and revenue uncertainties ahead.
Despite the slowdown impacting the state’s economic and revenue outlook this year, the state’s commitment to building reserves and budget resiliency over the last several years enables the 2023-24 state budget proposal to sustain key investments reflecting the values and priorities of Californians. This includes major funding to transform our education system, address the homelessness crisis and housing affordability, increase health care access, tackle the climate crisis, keep Californians safe and expand economic development and growth across the state. — Full budget, plus information
