California Chamber of Commerce President and CEO Allan Zaremberg today issued the following statement in response to the revised budget proposal presented by Governor Gavin Newsom this morning:
“Today’s budget revision and the billions in additional revenue Governor Gavin Newsom and the Legislature will spend was made possible by California’s successful businesses. The surplus highlights the need to encourage policies and develop strategies that ensure businesses can continue to thrive in the state. California’s record budget surplus represents a once in a generation opportunity to remedy our most pressing issues. We need to invest in education and create opportunities to improve outcomes as well as make quality higher education a priority so we can continue to be a magnet for the best talent in the world. We look forward to working with the Governor and the Legislature to make sure California remains a top tourist destination, trading partner and leader in innovation as well as the best state in the nation to live and work.”
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.