BOE Member George Runner

Too Early to Celebrate California’s Recovery

Governor Jerry Brown struck a conservative tone in his State of the State Address today when he spoke of fiscal discipline, local control and regulatory reform.

But the challenge before California remains the same: growing private sector jobs. If we want to solve our long-term budget problems, we need more taxpayers, not less.

Despite some job gains, California’s unemployment rate remains among the highest in the nation—many California counties still have double-digit unemployment rates ranging as high as 25%.

Many entrepreneurs, small business owners and even athletes are considering leaving our state due to rising taxes.

And while certain government-favored industries are growing, most job creators are struggling to survive under a growing weight of new regulations, taxes and fees.

Clearly, it’s far too early to celebrate California’s recovery. Millions have yet to experience it.

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