"There are going to be policy fights this year in terms of how to close the deficit. We are at a point where we can't cut our way out of it."
"I see housing as a key part of our affordability agenda. We've done a lot to streamline the regulatory process. Now we can look at how we can incentivize and innovate housing production. I know the governor supports that goal."
"Housing is now less affordable than ever. Families are leaving the state. Young Californians are locked out of home ownership. The promise faded. Californians pay the price for years of mismanagement."
"So I think he's going to be very focused on an agenda this year that is going to put him in the position he wants to be, to run for president."
Governor Gavin Newsom will deliver his final State of the State address Thursday morning before a joint session of the Legislature at the California Capitol, his first in-person address since the pandemic. He faces a projected $18 billion budget deficit in his final year, prompting tough decisions and policy fights. Lawmakers warned cuts alone will not close the gap. Housing affordability is expected to be a central focus, with calls to streamline regulation and incentivize production. Assembly Republicans issued a prebuttal criticizing affordability and governance. Political consultants say the address may shape Newsom's legacy and future ambitions. The address begins at 10:30 a.m. Thursday.
Read at ABC7 San Francisco
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