CalChamber Issues Statement on Governor’s 2024 Budget Release

The California Chamber of Commerce today released the following statement in response to the Governor’s outline of funding priorities for 2024:

“Governor Newsom is doing what private sector businesses do when faced with an imbalance between revenues and costs—making tough decisions on spending cuts, pausing funding for future projects, and ensuring that critical priorities are maintained,” said CalChamber President and CEO Jennifer Barrera. “In this year’s budget, the Governor has correctly focused on those things that will help California’s economy succeed, including making continued investments in infrastructure, education, homelessness response, and combatting retail and property crimes without raising general taxes. In particular, we appreciate that the Governor has, again, underscored that a wealth tax in California is off the table.

“Further, we are grateful for the Governor’s investments in California’s small businesses through continuation of CalCompetes grants and his support for programs that enhance workforce development, career education, and higher education in the state.”

About CalChamber
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.