Establishes IE in support of Prop. 1

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FOR IMMEDIATE RELEASE CONTACT: Brooke Armour [mailto:[email protected]]

February 5, 2024 (916) 553-4093

Business Roundtable Announces Support for

2024 Ballot Measures

Establishes Independent Expenditure to Support

Prop. 1 on the March Ballot

SACRAMENTO—As part of its annual Board of Directors meeting, the California Business Roundtable voted to support several measures likely to appear on the November 2024 ballot. At the same time, the Roundtable today announced it has launched an Independent Expenditure in support of Proposition 1, which will appear on the March 2024 ballot.

“We support Governor Newsom on Prop. 1, an important reform that brings much-needed transparency and accountability to the billions of taxpayer dollars being allocated for homelessness and mental health services. Prop. 1 is the right policy at the right time and an important part of a comprehensive policy focused on meaningful changes to our homelessness crisis, drug addiction intervention programs, and legal system,” said Rob Lapsley, president of the California Business Roundtable.

Coming as ballots begin to be mailed out, the Independent Expenditure will reach more than 3.5 million registered voters, asking them to support Prop. 1 on March 5.

In addition, the Roundtable membership voted to support the following initiatives, all of which are collecting signatures to qualify for the November 2024 ballot:

Financial Literacy [[link removed]]: As part of its ongoing efforts to improve financial literacy as a pathway to intergenerational wealth, the Roundtable unanimously supported the proposed ballot measure to make a one-semester financial literacy course a prerequisite for high school graduation by the 2029-30 academic year.

Retail Theft [[link removed]]: The Roundtable also unanimously supported the ballot measure sponsored by the California District Attorneys Association to make much-needed reforms to drug and retail theft laws in California. In addition, the Roundtable Issues PAC has provided funding to this measure, which is currently collecting signatures.

MCO Tax [[link removed]]: The Roundtable unanimously supported the ballot measure currently collecting signatures that will make the Managed Care Organization (MCO) tax permanent and provide stable and predictable funding for the state’s healthcare providers.

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California Business Roundtable

1301 I Street, Sacramento, CA 95814

916.553.4093

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