Share this story
Close X
Switch to Desktop Site

To end California budget stalemate, businesses offer compromise solution

A coalition of 12 business groups propose a compromise 'workout plan' in an effort to avoid another California budget filled with 'gimmicks.' The old political hurdles remain, though.

About these ads

Twelve top business groups have entered the California budget fray, telling Gov. Jerry Brown and legislative Republicans essentially to strike a bargain and pass a budget.

"We urge the Governor and the Legislature to respect voters and taxpayers by giving us an honest budget plan by June 15th, along with a structural reform plan that puts California back on the right track. That's a workout plan we are willing to support in the voting booth."

The group's so-called "workout plan" involves Republicans swallowing potential tax extensions that they have adamantly opposed, and Democrats getting on board for pension reform and spending controls.

Citizens are “tired of the instability created by our constant budget crisis," the group – comprised of city chambers of commerce, economic development groups, and business councils – say in a letter. "They want a balanced budget that does not rely on gimmicks and is completed within the constitutionally prescribed June 15th date.”

Some of the ideas have been around for months, but the letter attempts to consolidate them and give them the force of the business community. That could be important.


Page:   1   |   2   |   3

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.