ISSUE NO. 36 | May 29, 2026

Key Insights: Business-Driven Policy News

#1 Election Day Is This Tuesday, June 2nd: Make Your Voice Heard!

Your vote is critical to protecting local economic vitality and quality of life, and the Conejo PAC has issued unanimous endorsements for Assemblymember Jacqui Irwin (U.S. Congress, CA-26), Supervisor Jeff Gorell, and Supervisor Janice Parvin, citing their proven records of pragmatic leadership. By supporting these candidates, the PAC ensures that the innovators and small businesses driving the Conejo Valley’s prosperity retain a voice in government.


Ventura County Star Op-Ed: Why the Business Community’s Voice Matters



Donate to Conejo PAC sponsored by the Greater Conejo Valley Chamber of Commerce



#2 Downtown Thousand Oaks Project Advances - Strong Business Support

Following a major 4-1 recommendation from the Planning Commission, the historic Downtown Thousand Oaks project moves to the City Council for a final vote on Tuesday, June 23rd. This monumental milestone was propelled by a unified business community—including powerful corporate support from major employers such as Amgen and Takeda, healthcare leaders Los Robles Health System and Kaiser Permanente and educational pillar California Lutheran University, as well as local favorites Tarantula Hill Brewing Co., Sunland Vintage Winery, and Made In Italy Bistro.


To maintain this incredible momentum and ensure a vibrant, walkable core for our city, we need to keep building our numbers. Area businesses and organizations are strongly encouraged to join the 100+ member coalition today with the link below before next month's decisive hearing.

 

Join the Downtown Thousand Oaks Business Coalition


Downtown Thousand Oaks Business Coalition Letter


Downtown Thousand Oaks Website



#3  Governor Unveils Revised $349.9 Billion Spending Plan

Governor Newsom released his proposal for the 2026-27 fiscal year budget, utilizing a $16.5 billion surge in tax revenues to project a fully balanced budget and a $0 structural deficit through July 2028. The $350 billion plan achieves this through a $1.8 billion general fund spending reduction, a permanent $5 million cap on corporate tax breaks for large businesses, and an expansion of the sales tax to downloadable software.


While the proposal maintains record investments in TK-12 education and grants a 50% first-year fee cut for new small businesses, it balances the ledger by cutting $5 billion primarily from health programs, allowing prior housing affordability initiatives to sunset, and reinstating asset limits for seniors on Medi-Cal.


Governor Newsom Press Release on 2026 Budget


California Budget & Policy Center: Understanding the May Revision



#4  New CA Executive Order Targets AI Workforce and Business Impacts

Governor Newsom issued an executive order directing state agencies to collaborate with industry, labor, and academic experts to track AI's economic impacts and prepare for potential workforce disruption. For employers, the directive expands technical assistance and education on AI adoption for small businesses, while instructing state agencies to propose updates to the California Worker Adjustment and Retraining Notification (WARN) Act within 180 days to reflect emerging tech trends.


Additionally, the order initiates a review of workforce policies, including severance standards, worker-ownership structures, and safety-net programs, and expands higher education and on-the-job training initiatives focused on AI readiness.


Governor Newsom Press Release on AI Executive Order



JD Supra News Article on the Executive Order



#5  New Requirements Under California's Workplace Know Your Rights Act

Following the implementation of SB 294, California employers must comply with new annual notice and emergency contact rules to avoid severe civil penalties. Businesses are required to distribute an annual written notice detailing workers' compensation, immigration, union, and law enforcement rights to all current staff, new hires, and collective bargaining representatives, utilizing the state Labor Commissioner’s multilingual templates where applicable.



Additionally, employers must provide workers the opportunity to designate an emergency contact and ensure prompt notification if an employee is arrested or detained on the job or during work hours.


California Department of Industrial Relations: SB 294 Required Template Notices


JD Supra News Article



If you have questions regarding Capitol Connection,

contact Josh Gray, Director of Government Affairs & Tourism at

805-370-0035 or jgray@conejochamber.org for more information.

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