L.A. Area Chamber Statement on California Governor's Budget Proposal

by L.A. Area Chamber

LOS ANGELES (Jan. 11, 2024) — Los Angeles Area Chamber of Commerce issued the following statement in response to California Governor Gavin Newsom’s 2024-25 budget proposal.  

“Governor Newsom’s budget proposal considers the economic imbalance we are experiencing in today’s economy, noting a deficit of $37.86 billion and reflects a measured approach to a balanced proposed budget. We were pleased to see continued investments in infrastructure, education and workforce development, homelessness response and housing supply with an emphasis on accountability, small businesses, and combatting retail theft.  

“We are eager to work with the Governor and the state legislature as the budget moves through the process of analysis, approval and implementation to ensure an economic plan which spurs job creation and regional economic growth,” stated Maria S. Salinas, president and CEO of the Los Angeles Area Chamber of Commerce. 

###

About the Los Angeles Area Chamber of Commerce   
The Los Angeles Area Chamber of Commerce represents the interests of a broad spectrum of organizations across the private, non-profit, academic, and public sectors, including the business community, job creators, and innovators in the Los Angeles region. Our mission is to design and advance opportunities and solutions for a thriving regional economy that is inclusive and globally competitive. As the oldest and largest business association in the region, the Chamber has a long-standing history of convening business leaders, communities, and policy makers to promote a vibrant economy.