Gov. Newsom to deliver final State of the State address amid $18B budget deficit
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Gov. Newsom to deliver final State of the State address amid $18B budget deficit
"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 in person at the California Capitol, the first in-person address since the pandemic. The two-term governor faces a projected $18 billion budget deficit in his final year, creating pressure for difficult policy choices. Housing affordability is expected to be a primary focus, with efforts to streamline regulations and incentivize housing production. Assembly Republicans pre-released a prebuttal criticizing affordability and governance, warning families are leaving and young Californians are locked out of home ownership. Political strategists 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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