Sacramento, Calif. – California’s Governor Gavin Newsom announced Wednesday the state is facing a projected budget deficit of $37.86 billion. Here’s what that means for the Golden State’s manufacturers.
Read the full budget summary for 2024-25 here.
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About CMTA
The California Manufacturers & Technology Association has advocated for pro-growth laws and regulations before the California legislature and administrative agencies since 1918. The total output from manufacturing in California is $300 billion per year, roughly 10 percent of the total economic output of the state. Manufacturers employ 1.3 million Californians paying wages more than $25,000 higher than other non-farm employers in the state. For more information, visit CMTA’s website.