Chamber President and CEO Allan Zaremberg says while there are still many unmet needs in the state, a balanced budget and a potential surplus in the coming years is a positive signal for businesses.

Zaremberg: "If we have a balanced budget, we can live within our means, create the certainty that the governor and the administration is not out there looking for additional tax revenues, that means that we have a climate that we can move forward and attract business."

Businesses received a budget overview from California Finance Director Ana Matosantos during a CalChamber luncheon.

Zaremberg says he was pleased to see increased funding for education in Governor Jerry Brown's budget. He says it's important that California have a strong educated work force in order to attract businesses to the state and create jobs.