Thank you for taking the time to provide us your strategic direction on the statewide ballot initiatives. To complete the brief survey simply enter your name and email address and then click next.
For your reference, each initiative title links to CBRT’s full analysis.
Lastly, each initiative is analyzed through our CBRT decision-making guidelines adopted by the Executive Committee. For your reference, the guidelines are below:
The following decision-making principles help guide the California Business Roundtable decision making process when determining when and how to engage in issues critical to a healthy business climate in California:
Extends by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare. Fiscal Impact: Increased state revenues—$4 billion to $9 billion annually from 2019–2030—depending on economy and stock market. Increased funding for schools, community colleges, health care for low–income people, budget reserves, and debt payments.
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Executive Committee Recommendation: Neutral
Preserves requirement that public schools ensure students obtain English language proficiency. Requires school districts to solicit parent/community input in developing language acquisition programs. Requires instruction to ensure English acquisition as rapidly and effectively as possible. Authorizes school districts to establish dual–language immersion programs for both native and non–native English speakers. Fiscal Impact: No notable fiscal effect on school districts or state government.
Executive Committee Recommendation: Support
Legalizes marijuana under state law, for use by adults 21 or older. Imposes state taxes on sales and cultivation. Provides for industry licensing and establishes standards for marijuana products. Allows local regulation and taxation. Fiscal Impact: Additional tax revenues ranging from high hundreds of millions of dollars to over $1 billion annually, mostly dedicated to specific purposes. Reduced criminal justice costs of tens of millions of dollars annually.
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