Author: Sanjay Varshney and Dennis H. Tootelian

Sanjay Varshney is the Dean of the College of Business Administration at the California State University, Sacramento. Dennis H. Tootelian Ph.D is a Professor of Marketing and the Director of the Center for Small Business at the California State University, Sacramento.
Forbes Archive

New Study Finds AB 32 Scoping Plan Imposes Staggering Costs on California’s Families and Small Businesses

Our study released today finds that small businesses in California will pay an additional $49,691 as a result of the California Air Resources Board’s implementation of AB 32. The study, which we conducted at the request of the California Small Business Roundtable, analyzes the potential economic impacts of AB 32 on the state of California, its consumers and its small businesses.

The study focuses on the costs to be incurred by consumers in five specific areas: housing, transportation, natural gas, electricity and food. Using three different scenarios to measure the economic costs, we find that the potential loss of output, jobs, indirect business taxes and labor income is substantial and significant.

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Sanjay Varshney and Dennis H. Tootelian July 13, 2009