News & Updates - California Business Roundtable Releases Statement in Response to Governor Brown’s Proposed 2014-15 Budget

Sacramento, CA – The following statement was released by California Business Roundtable President, Rob Lapsley, in response to today’s release of the Proposed 2014-15 Budget by Governor Jerry Brown.

“The state spending plan proposed by Governor Brown is a responsible, balanced approach to stabilizing California’s finances.

“The Governor keeps his commitment to use temporary revenues resulting from Prop 30 to strengthen education in our state while clearly recognizing that the overwhelming share of the current revenue increases are likely temporary, and are used for significant debt reduction, one-time infrastructure improvements, and funding of the Rainy Day Reserve.

“California’s economic recovery is below historic levels of employment growth and has not yet made its way to all regions of the state. Many industry sectors—particularly those providing good paying middle class jobs—also continue to lag. The Governor’s on-going funding commitments to Go-Biz and his California Competes initiative are vital to addressing these issues.

“We are prepared to support the Governor as his budget proposals move forward. More critically to the state’s future, we look forward to working with the Governor and the Legislature on fundamental policy reforms and job creation efforts that are key to producing the sustainable long-term revenue growth needed to fund California’s future education and infrastructure needs while addressing the outstanding debt and pension issues.”

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