California Chamber of Commerce President Allan Zaremberg today issued the following statement on passage of the California State Budget:
“The $213 billion state budget approved by the Legislature today is brought to you by the wealth created from California’s private sector economy.
“California’s robust economic growth has created low unemployment and increased opportunities. However, California’s growth has also created new challenges that the Legislature and Governor must address including the high cost of housing and other essential needs, an epidemic of homelessness in the state, and punishing commute times for California workers.
“The economic growth dividends in the budget have allowed the Legislature and Governor to substantially increase spending for public schools, add thousands of new slots for California colleges and universities, improve the health care safety net, increase access to justice in the court system, and provide more resources for wildfire prevention and response. Along with providing for a substantial rainy-day reserve, funding these priorities is an investment in California’s future economic growth and success.”