Democratic Gov. Gavin Newsom and lawmakers announced a budget deal whose cuts could put him at odds with staunch allies and temper ambitious policy goals.
California Gov. Gavin Newsom answers questions about his revised 2024-25 state budget proposal during a news conference in Sacramento on May 10. Newsom and lawmakers announced a budget deal Saturday. Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus., announcing the good news in May 2022. “No other state in American history has ever experienced a surplus as large as this.
Critics, however, say the budget wounds were self-inflicted, blaming the deficit on Democrats’ mismanagement and predicting that their agenda will hurt not only the state’s finances but Newsom’s chances on the national stage. To make up the $46.8 billion deficit, Democrats plan to reduce spending by $16 billion, with the largest savings stemming from departmental belt-tightening, elimination of vacant state positions and cuts to affordable housing programs and prison budgets. Along with other financial maneuvering, Newsom will declare a “budget emergency,” allowing the state to pull $12 billion from its reserves over the next two fiscal years.
Scott Graves, the budget director at the California Budget and Policy Center, a Sacramento-based think tank that advocates for policies to address inequality in the state. “We’re paying the price for this very grandiose vision for the state, which lacked accountability and oversight and we’re left holding the bag,” Ohanian said. “Now the party is over, we’re cleaning up the kitchen and we’re realizing these problems that have been in place for many years have gotten worse.”
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