OCBC Commends Governor Newsom’s Housing, Education Initiatives In Proposed 2019 State Budget
“OCBC commends the bold vision provided by Governor Gavin Newsom in his first budget proposal,” said Lucy Dunn, President and CEO of OCBC. “This proposal reflects the Governor’s desire to change the way forward for California with a historic effort to address many issues, including the housing supply crisis, ensuring the California dream is accessible for all.”
“The business community appreciates the Governor’s commitment to setting housing development benchmarks incentivizing local governments, and streamlining CEQA for housing projects including homeless shelters, navigation centers, and new supportive housing units. These efforts are important to address roadblocks to building and housing production strategies, which the OCBC Economic Forecast has identified as the number one barrier to business growth in the region. OCBC and the business community look forward to working with the Governor and Legislature to advance the housing initiatives to build strong communities for a sustainable and prosperous future,” Dunn said.
The Governor’s plan also seeks to eliminate debt, pay down unfunded liabilities, and add a significant sum of California’s budget surplus to the rainy-day fund for strong fundamental growth in the state. In addition, the budget proposes to fund new investments in early childhood education while increasing baseline support for K-12 and higher education, ensuring a workforce pipeline that is robust and well-suited to meet the needs of California’s businesses. “California deserves bold, creative leadership, and I am pleased that OCBC aligns with Governor Newsom on so many important issues,” Dunn said. “We know the ‘devil is in the detail’ but OCBC is committed to working with this administration and legislature as they grapple with the state’s toughest issues.”
Orange County Business Council represents and promotes the business community, working with government and academia to enhance Orange County’s economic development and prosperity in order to preserve a high quality of life. OCBC is comprised of the region’s most influential global businesses and organizations in the region, working to assure effective investment in infrastructure, an advanced education system that produces skilled workers, growth of venture capital and high-tech companies, and housing solutions for the workforce. OCBC members include Experian, Disneyland Resort, Irvine Company, Chevron, JPMorgan Chase, U.S. Bank and AECOM. For more information, visit http://www.ocbc.org.
CONTACT: Catherine Harper