While all the details are not in it appears the budget includes the sale of State Fund raising $1 billion. Small Business California has opposed this as we feel it could have a severe impact on small businesses that remain in State Fund. These small businesses include businesses that have no other options because they are in a high hazard industry.
The details of the sale have not been explained but it seems to us if the better business in State Fund is sold off that would mean that the remaining businesses would have their rates increase.
I really would appreciate your comments and letting me know if you are currently covered by State Fund.
See link below.
Small Business California
2311 Taraval Street
San Francisco, CA 94116