Governor Newsom 2019-2020 May Revised Budget –Statement from Carl Guardino, CEO and President of the Silicon Valley Leadership Group

For Immediate Release, May 9, 2019

San Jose, CA – “After 104 months of continued economic growth, today’s stock market underscores that what goes up, will come down; and further underscores Governor Newsom’s wisdom in a May Budget Revision that calls for Building Budget Resiliency, “said Silicon Valley Leadership CEO Carl Guardino. “A budget reflects our values, and the Governor’s budget values fiscal responsibility combined with visionary investments in affordable homes, homelessness, health care and other essential items that raise up all Californians.

About the Silicon Valley Leadership Group
The Leadership Group was founded in 1978 by David Packard of Hewlett-Packard and represents more than 350 of Silicon Valley’s most respected employers on issues, programs and campaigns that affect the economic health and quality of life in Silicon Valley, including energy, transportation, education, housing, health care, tax policies, economic vitality and the environment. Leadership Group members collectively provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy. For more information, visit


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