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Statewide Issues
Tax Modernization Commission
California's tax system was designed decades ago and has not been adjusted to reflect a shift from a manufacturing and agriculture-based economy to an information, service, and technology-based economy. The state's tax system contributes to revenue volatility and to the substantial swings in available resources that the state has experienced during the past decade. California would benefit from an improved and more modern tax system that supports a strong economy, job creation, and provides a more predictable revenue source for essential government services.
As part of budget reform, Governor Schwarzenegger will issue an executive order to establish a bipartisan commission of legislative and gubernatorial appointees to modernize the state's tax laws and better reflect the current economy. The Tax Modernization Commission will make recommendations to assist the state in becoming less susceptible to revenue swings in the future.
CHAPTER HIGHLIGHTS for
Statewide Issues Back to Top
PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Statewide Issues (pdf * - 53K)
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Provides the entire Statewide Issues Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Proposed Budget Summary - Statewide Issues (January 2008)
Displays Proposed Budget Summary information for Statewide Issues.
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