Silicon Valley Leadership Group Issues Statement on CA Budget Agreement for FY 2022-23

SAN JOSÉ, CA (June 28, 2022) — Ahmad Thomas, CEO of the Silicon Valley Leadership Group, issued the following statement today in response to the announcement of an agreement on California’s budget for FY 2022-23:

“Over the weekend, California Governor Newsom and the Legislature announced a wide-ranging agreement on the FY ’22-23 budget. The announced deal includes critical investments and policies that align with SVLG’s work to safeguard and enhance Silicon Valley’s unique innovation infrastructure. Of note, we’re encouraged to see investments in alleviating the housing crisis, workforce development, zero-emission vehicles and sea-level rise.

More than ever before, it’s vital that California’s leaders invest in programs and policies that will strengthen business competitiveness and ensure a more equitable recovery for our region’s post-pandemic economy. We’re therefore concerned to see that the agreement includes a levy on California’s lithium producers.”

A summary of the final agreement can be viewed HERE.

Click HERE to learn more about SVLG’s budget priorities for FY ’22-23. 

About the Silicon Valley Leadership Group:

The Leadership Group is a business organization of hundreds of Silicon Valley’s most dynamic companies working to shape the innovation economy of California and the nation. Founded by David Packard of Hewlett-Packard, for over 40 years the SVLG has worked to address issues that affect the region’s economic health and quality of life. Today the SVLG Is focused on economic competitiveness with a special focus on diversity & inclusion, climate change and infrastructure. SVLG 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