Orange County Business Council Responds to State Budget Proposal: Get It Done!

IRVINE, CA--(Marketwire - February 13, 2009) - The Orange County Business Council (OCBC) looks to the silver lining on the proposed budget deal -- there is one. Under the leadership of Governor Schwarzenegger and legislative leaders of both parties it appears there's an attempt at a framework for a real solution for California. While the tax increases in a troubled economy grow concerns, they do not target any one industry sector, but are levied on most businesses and are proposed to be temporary.

"Most important to the business community, the proposed budget has serious economic stimulus -- which we love -- including enhanced public-private partnerships, design-build authority, streamlined environmental review and incentives for transportation and other projects that create jobs now when we need jobs the most," stated President and CEO of OCBC Lucy Dunn. "The government efficiencies proposed are long overdue." California also looks to receive its federal tax dollars at a time they need it the most as the federal economic stimulus comes to light.

"Look, we know the tax part of this proposal is ugly but the state is out of money, projects are being halted everywhere," proclaimed Dunn. "The legislature is out of time and the business community is out of patience. We urge both Republicans and Democrats to vote yes, and Governor Schwarzenegger to sign it. Then all must continue the long-overdue work needed to create jobs, attract business to this state, further real regulatory reform and turn California golden once again. Get it done!"

About OCBC:

The Orange County Business Council is the leading voice of business in Orange County, California. OCBC 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 serves member and investor businesses with nearly 200,000 employees and 2,000,000 worldwide. In providing a proactive forum for business and supporting organizations, OCBC helps assure the financial growth of America's fifth largest county. For more information, visit www.ocbc.org.

Contact Information: CONTACT: Matt Prince Director of Communications 949.794.7221