ifornia’s Legislature and Governor are not allowed to deficit spend. However, adhering to a balanced budget requires some art as much as it does science. Te state must operate in balance in the fis- cal year it’s in but can project operating deficits for subsequent years; all to inform current year budgeting. Given these known factors, it is still


anticipated that a recession – be it a soft or hard landing – will take place in the first or second quarter of 2024. As such, the Governor’s budget release on January 10th required by the state constitution will be a momentous affair. Despite the call for increased taxes by members of the Senate budget commit- tee, the Governor has seemed consistent through the 2023 budget cycle in stating his opposition to raising taxes. Stating that new or increased taxes would be “irresponsible” and would likely nega-


Be it California’s size or its outsized presence in the technology and innovation sector, the adage that when California sneezes the rest of the country’s economy catches a cold seems to still ring true.


tively affect the state’s business climate, Newsom seems to be prepared to weather the impending storm with the resources he currently has. Specifically, the state enjoys significant budget reserves totaling nearly $40 billion dollars should the Leg- islature and Governor need to use them. Until a clearer budget picture takes


focus, AGC of California advocates and staff will continue to help policymakers make sound investments in infrastructure and transportation projects. Proven to be


necessary for the growth and prosperity of California’s economy, California’s future relies in in its ability to provide access and utility to its residents and economy. Of which, AGC of California members will help build.


Felipe Fuentes





Unscrupulous contractors undercut responsible contractors like you


when bidding, causing your company to be unable to compete. Often this practice is illegal and results in an unlevel playing field. We are here to help level that field.


As a signatory contractor and partner of OPCMIA locals 500 and 600, you are provided a Prevailing Wage Compliance


Program, ADR Joint Workers’ Comp Program, and Competitive Private Commercial & Residential Rates.


In addition, you have access to a workforce trained from an appren- ticeship program accredited by the State of California. Our ap- prentices learn all aspects of concrete including form setting, placement, finishing, concrete polishing, patching & repair.


  Local 600 ~ 323-771-0991 ~ www.cementmasons600.org


CALIFORNIA CONSTRUCTOR JANUARY/FEBRUARY 2024


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