Reaction to yesterday’s Budget and Audit Committee meeting
June 15, 2019
Data show need for inclusive economic development in Sacramento and city acts accordingly
Today was a bold step forward toward realizing the true tenant for Measure U funding. After much debate, the city council voted 8 to 1 to approve the Mayor’s budget proposal with an upfront initial $16 million in investment but leaving much work for the Measure U citizen’s advisory and investment committees to tackle with the remaining $32 million.
Taking into account the May 2019 Brookings Institute data showed that Sacramento dropped from 84th to 91st in inclusion nationally, the city is taking the necessary action to close the gap in our historically undervalued and left behind communities.
With the first hurdle behind it, the city must now focus on accountability and metrics. Greater Sacramento Economic Council will be watching the outcomes to ensure the funding for capacity building in neighborhoods and the creation of new economic engines in priority neighborhoods are front and center.
An inclusive economy is one in which there is expanded opportunity for more broadly shared prosperity, especially for those facing the greatest barriers to advancing their well-being. Preparing a broader and more diverse set of firms, workers and communities to reach their productive potential offers a compelling opportunity for growth. This is the course we are charting in the Greater Sacramento region.
Greater Sacramento, the state capital, is paving the way: creating assets, policies and initiatives to advance the green economy and technology.
California holds the unwelcome distinction of having one of the highest poverty rates in the country. We also have some of the highest taxes in the country. In the middle of the worst economic downturn in generations, now is not the time for a massive tax increase that will only create more financial hardship for California businesses, workers and families already struggling to survive.
The Sacramento region is working diligently to regain its footing after COVID-19 swept the nation. One of the key projects to our regional recovery is the Davis Innovation and Sustainability Campus, made possible through the passage of proposed Measure B.