The California Election Results – California Enterprise Zone Program
For the first time since the inception of the California Enterprise Zone program there is a Democratic supermajority in both
houses of the California legislature. While we do not believe the program is
in any immediate danger for repeal or substantial change, the Governor, and leaders
of both houses have supported elimination of the enterprise zone program in the past;
however, there is significant support for the program among moderate democrats.
The business community has also provided broad-based support for the program and continues
to voice their belief that the program helps promote positive job growth and targeted
Furthermore, the passing of the following
two propositions diminishes the need for increased taxes.
· Proposition 39 – Instituting a “single sales factor” tax model that would raise $1 billion a year
with half of that revenue going towards energy efficiency and green jobs programs
for the first 5 years.
· Proposition 30 – The Governors sales tax increase and personal income tax increases.
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