SANTA CLARA -- Gov. Jerry Brown on Friday continued a confident march toward Election Tuesday, telling a group of Silicon Valley leaders that he's ready to invest in state programs "when Prop. 30 passes."

Brown, speaking at the Silicon Valley Leadership Group's annual power lunch, argued once again for voters to pass Proposition 30, a tax hike that would raise $6 billion a year for the state budget and education.

"I am not complacent, but we have a very good chance -- that's all I'll say -- and we're going to keep on working," Brown said following the event. More campaigning is set for this weekend, mostly in Southern California.

About 1,200 venture capitalists, public officials and Silicon Valley elite packed the Santa Clara Convention Center for an hour-long panel discussion with Brown, who was joined by Netflix (NFLX) CEO Reed Hastings and Virgin America CEO David Cush.

The leadership group has not taken a stance on Proposition 30, while the region's other major business group, the Bay Area Council, has endorsed it. Businesses typically oppose or stay neutral on tax hike measures, but the officials and private leaders on hand -- from pro sports teams to Microsoft to PG&E -- didn't have any boo's in store for Brown.


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In fact, Hastings, who has given $1 million to Brown's $39 million campaign, got a cheer when he remarked that he had marked "yes" on Proposition 30 more than once.

"I voted three times," Hastings said. "I pre-marked my daughter's and wife's ballots."

Brown did not make any news at the event, but employed plenty of zingers in an attempt to make his case for Proposition 30, which would raise the sales tax by a quarter cent and hike income taxes on the wealthy. Polls show it is hovering just below the 50 percent approval mark.

Brown cited a new Stanford study that concluded millionaires do not flee California in response to high tax rates.

The study says "the biggest factor in millionaires moving out of California is divorce," Brown said to laughs. "Don't pay attention to the 15 percent tax rate; pay attention to your spouse."

Contact Mike Rosenberg at 408-920-5705. Follow him at twitter.com/rosenberg17.