SACRAMENTO, Calif. /California Newswire/ — Governor Arnold Schwarzenegger today issued the following statement after the California Employment Development Department released employment numbers for the month of July:
“In order for California to experience a full recovery, there must be robust hiring in the private sector. That is why I have been so adamant in my opposition to tax increases – both because additional burdens on employers will stymie growth and because we shouldn’t penalize private sector employment in order to subsidize public sector wages and retirement benefits.
“Furthermore, as days continue to pass without a budget, the state gets closer to issuing IOUs and is already holding up state bond funding for construction projects – threatening thousands of California jobs. This is unacceptable.
“The legislature must pass a responsible budget without tax increases and with meaningful pension and budget reforms that will keep government running and help put an end to the budget rollercoaster.”