Web Version [link removed] | Update Preferences [link removed] Press Release Statement By California Business Roundtable President Rob Lapsley Following The Release Of Governor Newsom’s State Budget May Revise

FOR IMMEDIATE RELEASE

May 14, 2020

CONTACT: Michael Bustamante

[email protected] [mailto:[email protected]?subject=CBRT%20Press%20Release]

(916) 425-0839

SACRAMENTO—“Governor Newsom today laid out a clear framework to address the historic pandemic deficit in his May Revise. His budget provides a path to deal with the deficit in the current and coming fiscal years, but the expectation that deficits will persist over an extended period demonstrates the need for a comprehensive solution. Those solutions should include a state jobs recovery plan that will provide critically needed temporary litigation, regulatory and employment law relief for businesses in order to get employees back in their jobs as quickly as possible and get revenues flowing to state and local governments. It should also include appropriate federal funding to help state and local governments that combines litigation relief with targeted government spending and pension reforms. We will continue our efforts to support the Administration, the Legislature and the federal government to achieve these solutions.”

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ABOUT THE CALIFORNIA BUSINESS ROUNDTABLE

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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