California State Budget

As Mick Jagger of the Rolling Stones reminds us, “You can’t always get what you want – but you can get what you need.”
That is the tune Governor Jerry Brown is singing to both Democrat and Republican state legislators, as he tries to close a 26 billion dollar hole in our state budget.
• Painful cuts
• Temporary tax extensions

On March 8, SunPower CEO Tom Werner – chair of the Silicon Valley Leadership Group Board of Directors, along with board member Tim Guertin, CEO of Varian, accompanied me to Sacramento for an hour-long dialogue with the Governor on his budget. We also had an in-depth discussion on the need for:
• A California jobs & economic plan,
• Meaningful budget & governance reforms
• Pension reform
• Regulatory reform

We urge legislators to find common ground, both on the budget and these important issues. This budget has items everyone can hate & everyone can love. Done right – legislators may not get everything they want, but Californians will get what we need: a balanced budget and a path forward.