FOR IMMEDIATE RELEASE
NFIB in California
Contact: Shawn Lewis (916) 342-9315; [email protected]
Follow: @NFIB_CA and on Facebook
Small Business Reacts to Governor Newsom’s Budget Announcement
SACRAMENTO, Calif., January 10, 2019 – Following Governor Gavin Newsom announcing his 2019-20 state budget proposal, NFIB’s California State Director John Kabateck issued the following statement:
“Today, Governor Gavin Newsom announced a state budget outlining $209 billion in spending, mixed with important investments to pay down debts and pensions, while also offering one-time spending on various government programs. Small business owners and taxpayers in general understand that ever-growing state spending only furthers the appetite to raise taxes. Our members also understand the challenges associated with ‘one-time spending’ as it creates natural pressure to reallocate much of this spending in the future on those constituencies.
“NFIB small business members are pleased to see $13 billion of investments into budget resiliency, including $4 billion toward outstanding budget debt and nearly $5 billion toward the state rainy day fund. Our members also hope to see greater restraint as the budget negotiation process begins, since legislators have already proposed over $40 billion in new spending in just the first month of the legislative session.”
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NFIB is the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit www.nfib.com/CA.
