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Date ArticleType
4/6/2009
Metro Chamber Supports May 19 Ballot Propositions: Approval of Measures 1A-F will help state move out of recession more quickly

The Sacramento Metro Chamber is encouraging its 2,200 business members and the general community to support Propositions 1A through 1F on the May 19 special election ballot.

“Propositions 1A-F provide short-term solutions to get us through these difficult economic times and long-term solutions to avert these types of deficits for the state again,” said Matt Mahood, president & CEO.

Mahood said it is vital that all of the propositions succeed together because continuation of the state’s budget crisis will have dire consequences for the state and many member businesses. “Failure could likely mean that the state legislature attempts to balance the recently enlarged budget deficit with dramatically increased taxes and fees on business—thus negatively impacting our state’s economy,” Mahood said.

“Our state’s economic future is at risk. By passing these ballot measures, the state’s citizens and businesses will make quicker progress out of this recession,” Mahood said. “Voting yes on these propositions will help improve our state finances—continuing to allow vitally needed federal stimulus funds to flow to the state for the thousands of infrastructure and other federally-funded projects that are dependent on the state matching federal funds.”

“The Metro Chamber recognizes the propositions are not perfect,” Mahood added, “but they do help resolve the budget crisis and position us for the future where we will be less likely to face some of these same issues. We simply cannot afford the budget crisis to continue and encourage everyone to vote YES on Proposition 1A through 1F.”