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The California Chamber of Commerce Board of Directors has voted to take positions on several ballot measures appearing on California’s upcoming November election.
The California Taxpayers Association (CalTax) filed suit last month to challenge a retroactive tax increase, claiming it infringes on the rights of businesses operating in California.
A seismic demographic shift is underway: by 2030, one in four California residents will be aged 60 or older. As the golden years of life take increasingly complex and varied turns, the state and industry partners must adapt. Providing innovative solutions to critical support systems ahead of time will help meet the demands of a changing older-adult population.
Following are brief summaries of the measures that will appear on the November 5 General Election ballot. When the California Chamber of Commerce has taken a position, the reasons for that position are summarized.
In March of this year The Economist ran an article with the headline “California is gripped by economic problems, with no easy fix. Rising unemployment, a growing deficit and persistent outmigration are a painful trinity.” The article concludes that the state is a weak spot in the middle of an otherwise healthy U.S. economy.
The California Chamber of Commerce Board of Directors has taken an oppose position on Proposition 5, a November ballot initiative that lowers the voting threshold for approving local general obligation bonds funded by property tax increases. If passed, Proposition 5 would lower the required voter approval from two-thirds to 55% for bonds intended to support housing assistance or public infrastructure.
The California Chamber of Commerce Board of Directors has taken a support position on Proposition 2, a November ballot measure that authorizes a $10 billion general obligation bond to support construction and rehabilitation of instructional and support facilities for public schools and community colleges.
The Bakersfield Californian has announced its opposition to Proposition 32, a November ballot measure that proposes to raise California’s minimum wage to $18 an hour. The California Chamber of Commerce is also opposed to Proposition 32.
Australia Consul General Highlights Strong California Links for Clean Energy Projects CalChamber, September 17, 2024