Web Version [link removed] | Update Preferences [link removed] Press Release California Business Roundtable President Issues Response to Governor Newsom’s “Workload” Budget

FOR IMMEDIATE RELEASE

March 24, 2020

CONTACT: Brooke Armour

[[email protected]]

SACRAMENTO—Rob Lapsley, president of the California Business Roundtable, issued the following statement today in response to the governor calling for a “workload” budget that recognizes the uncertainty of current and future revenue:

“Today, Governor Gavin Newsom announced that the FY 20-21 budget will essentially ‘shelter in place.’ We strongly support the governor’s proactive approach to managing both the current budget and the FY 20-21 budget while we wait to see the true economic fallout of this crisis. Fiscal restraint now will help alleviate increased revenue demands in the future and will be a critically important decision in the recovery of our economy.”

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ABOUT CBRT

The California Business Roundtable is a non-partisan organization comprised of the senior executive leadership of the major employers throughout the state – with a combined workforce of more than half a million employees. For more than 40 years the Roundtable has identified the issues critical to a healthy business climate and provided the leadership needed to strengthen California’s economy and create jobs.

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