Commission on the 21^st Century Economy
(916) 322-2263
comment@cotce.ca.gov

About the Commission

Governor Schwarzenegger's Executive Order S-15-09 mandated the bipartisan Commission on the 21^st Century Economy to re-examine and modernize California's out-of-date revenue laws that contribute to feast-or-famine state budget cycles.

The Commission is comprised of 14 members; seven appointed by the Governor, and seven appointed by the legislature.

Applying the principles outlined in Governor Schwarzenegger's Executive Order S-15-09, the Commission will suggest changes to state and local revenues that will result in a revenue stream that is more stable and reflective of the California economy. The Commission will report its findings to the Governor and legislature on or before September 20, 2009.

• Governor Schwarzenegger's Executive Order S-15-09 (www.gov.ca.gov)

Principles

• Establish a 21^st century tax structure that fits with the state's 21^st century economy;
• Stabilize state revenues and reduce volatility;
• Promote the long-term economic prosperity of the state and its citizens;
• Improve California's ability to successfully compete with other states and nations for jobs and investments;
• Reflect principles of sound tax policy including simplicity, competitiveness, efficiency, predictability, stability, and ease of compliance and administration;
• Ensure that tax structure is fair and equitable.