CA Fwd has released the first chapter of “Financing the Future: How will California pay for tomorrow?“ — exploring some of the investments that California must make to support sustainable, prosperous and equitable growth, and the options for financing those priorities.

Continuing CA Fwd’s mission to be a catalyst for meaningful changes in the way public decisions are made, the papers are intended to inform and encourage a broad civic conversation about California’s revenue system and changes that would provide adequate and stable revenue.

Created in partnership with the California Economic Summit, the first chapter focuses on Proposition 30, the temporary taxes approved by voters in 2012. In the next two chapters, CA Fwd will examine where and how additional investment could be made—and the options for making California’s revenue system stable, adequate, and equitable.

From the Report: 

“If the goal is to craft a revenue stream that increases reliability in good times and bad, it may be worth considering revenue options beyond Prop 30.”

“Having made significant progress in paying off yesterday’s debt, now is the time for leaders in California to answer the question: How should we pay for tomorrow in a stable and equitable way?”

“To achieve lasting prosperity, the state’s tax structure must provide adequate and stable revenue under changing and uncertain conditions.”