CalChamber Comments on Governor’s May Revise Budget Proposal

Following Governor Gavin Newsom’s revised state budget announcement yesterday, CalChamber President and CEO Jennifer Barrera issued the following statement:

“The revised budget plan addresses a number of key challenges that lie ahead for California and the nation. In these uncertain economic times, CalChamber believes the Governor has laid out a reasonable path forward, carefully balancing the need to invest in programs that support the state’s economy with prudent spending reductions that address the gap between revenues and expenditures.

“The Governor has made it clear that state officials should roll up their sleeves and prioritize all housing and critical infrastructure programs, such as water, by streamlining processes that will strengthen our economy and help us meet our climate goals.

“Entrepreneurs and consumers alike are focused on making California a more affordable place to live and work. Today’s budget announcement reflects those goals by carefully managing available resources and rejecting tax increases that would negatively impact the state’s economy.”