{"pk":46972,"title":"Should Newsom Stay or Should He LAO? California’s 2024-2025 Budget","subtitle":null,"abstract":"<p>The FY 2024-25 budgeting cycle in California was far less chaotic than the previous year, when a record $100 billion budget surplus morphed into a widening deficit. This time, Democratic Gavin Newsom and the Democratic controlled legislature had to tackle that mounting deficit as the state’s economy stalled, specifically among the wealthiest Californians, who fund a large portion of the state’s government. Neither Newsom nor the two new Democratic legislative leaders had experienced a budget deficit in office, which made coordination additionally tricky. The state is in much better shape than previous deficits, however, with a large reserve and strong budget resilience among its leaders. One problem- the governor increasingly reports different budget numbers than the state’s nonpartisan Legislative Analyst Office (LAO), which assesses the administration’s budget for the legislature.</p>","language":null,"license":{"name":"Creative Commons Attribution 4.0","short_name":"CC BY 4.0","text":"Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.\n\nNo additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.","url":"https://creativecommons.org/licenses/by/4.0"},"keywords":[{"word":"state budgeting"},{"word":"california"}],"section":"Articles","is_remote":true,"remote_url":"https://escholarship.org/uc/item/6hd670ns","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":"2025-01-09T21:25:26Z","date_accepted":"2025-01-09T21:25:26Z","date_published":"2025-01-01T00:00:00Z","render_galley":null,"galleys":[{"label":"","type":"pdf","path":"https://journalpub.escholarship.org/cjpp/article/46972/galley/35504/download/"}]}