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California's Economic Challenges
Key Points:
- Unemployment is over 11%.
- Manufacturing employment has decreased by 25% over 7 years.
- California ranks 6th in the nation as one of the most expensive places
to do business.
California's Deteriorating Economic Situation
It's no secret that our state's revenues are declining at the same time that our
population is rapidly growing. Less money in the state's coffers, record high unemployment and increasing
taxes are making the Golden State look less golden.
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Key Points:
- Smaller, low-margin companies are hit particularly hard.
- The achievement gap for schools in low-income and minority communities is widening.
- Additional cuts to state services are inevitable.
The Impact of Our Declining Economy
Our state's economic decline affects everyone -- our families, our businesses, our workforce, and our
most vulnerable citizens are all casualties of our
failing economy.
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Key Points:
- California’s recovery depends on economic growth.
- We need to invest in our schools, water and energy
infrastructure, and public works projects.
- We need to grow our job base and keep businesses here.
Making Growth a Priority
Government reforms alone will not solve our yearly
budget battle. The answer is growing California’s economy. This will create opportunities for businesses,
jobs for workers and funding for the state’s priorities.
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