{"pk":46951,"title":"Honey, I Shrunk the Surplus: California’s 2023-2024 Budget","subtitle":null,"abstract":"The 2023 budgeting cycle in California was much different from the previous year. California’s finances, always topsy-turvy, faced a dramatic reversal of fortune as surplus turned to deficit.  Nonetheless, the state was able to weather the storm and avoid deep spending cuts, thanks to a combination of good economic times in years past and politically expedient decisions by the Governor and Legislature.  However, delayed tax collections and projections for structural deficits, even absent a recession, meant storm clouds were on the horizon as the year drew to a close.  The tough decisions that were sidestepped in 2023 might have to be made in 2024.","language":"en","license":null,"keywords":[{"word":"California Politics"},{"word":"budgeting"}],"section":"Articles","is_remote":true,"remote_url":"https://escholarship.org/uc/item/76t2f4sh","frozenauthors":[{"first_name":"Brian","middle_name":"","last_name":"DiSarro","name_suffix":"","institution":"","department":"None"},{"first_name":"Wesley","middle_name":"","last_name":"Hussey","name_suffix":"","institution":"","department":"None"}],"date_submitted":"2024-01-22T18:42:54Z","date_accepted":"2024-01-22T18:42:54Z","date_published":"2024-01-01T00:00:00Z","render_galley":null,"galleys":[{"label":"","type":"pdf","path":"https://journalpub.escholarship.org/cjpp/article/46951/galley/35493/download/"}]}