Commentary
California’s political defects continued to damage the state in 2023. On the budget, Gov. Gavin Newsom began the year projecting a budget gap of $22.5 billion for fiscal year 2023–24, which began on July 1. The budget passed by the Legislature grew the deficit to $31.5 billion. And in December, the Legislative Analyst projected an even larger deficit of $68 billion for fiscal 2024–25, which begins next July 1.