Written by Gordon Webster, Jr.
Allan Zaremberg, president and CEO of the California Chamber of Commerce, recently hit it on the head with his assessment of Gov. Jerry Brown’s proposed budget and the state’s priorities in recovering from the economic downturn.
Unlike many Democrats, Brown has been a champion of fiscal prudence, socking away surplus revenues amidst calls of increase spending. While the state can expect new revenue this year, it’s important to remember the up-and-down nature of our economy.
And as Zaremberg pointed out in a recent commentary in The Sacramento Bee, the California state’s recovery hasn’t exactly been even. While the coastal regions deal with issues including skyrocketing housing costs, longer commutes and tighter competition for a skilled workforce, inland California may as well be another country.
In the San Joaquin Valley and other areas of California, employment and job growth continue to lag. There’s an immediate need to develop entry-level jobs as well as create higher-wage employment to bolster the middle class.
The only way to sustain recovery for all of California is for Brown and the Legislature to increase certainty and reduce competitive disadvantages for job creators and investors.
Only then will California’s recovery apply to all Golden State residents.