California Chamber of Commerce President and CEO Jennifer Barrera today 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