No future meetings scheduled.
Commission on the 21st Century Economy
About the Commission
Governor Schwarzenegger's Executive Order S-15-09 mandated the bipartisan Commission on the 21st Century Economy to re-examine and modernize California's out-of-date revenue laws that contribute to feast-or-famine state budget cycles.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.
- Establish a 21st century tax structure that fits with the state's 21st 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.