California Governor Gavin Newsom will deliver his final State of the State address on Thursday, amidst a projected $18 billion budget deficit that promises to be a defining moment in his two-term tenure. The packed address comes as lawmakers scramble to find solutions to bridge the widening gap.
Insiders say housing affordability is set to take center stage, with legislative leaders hinting at potential policy battles over how to close the deficit. Senator Jesse ArreguΓn (D-Oakland) expects Newsom to continue pushing for innovative housing solutions, building on efforts already made to streamline regulatory processes and incentivize new development.
However, not everyone is optimistic about the governor's record on affordability and governance. Assembly Republicans have released a prebuttal criticizing Newsom's leadership and accusing him of mismanaging the state's finances. The scathing critique comes as families are said to be fleeing the state due to unaffordable housing, leaving young Californians locked out of home ownership.
According to political consultant Jim Ross, Newsom will likely use his final address to shape his legacy and future ambitions, particularly in the context of a potential presidential bid. "The last things he does in office are going to be the things that people remember," Ross said. "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."
With his address beginning at 10:30 a.m., Thursday, Newsom will have one final opportunity to leave a lasting mark on the state before passing the torch to his successor.
Insiders say housing affordability is set to take center stage, with legislative leaders hinting at potential policy battles over how to close the deficit. Senator Jesse ArreguΓn (D-Oakland) expects Newsom to continue pushing for innovative housing solutions, building on efforts already made to streamline regulatory processes and incentivize new development.
However, not everyone is optimistic about the governor's record on affordability and governance. Assembly Republicans have released a prebuttal criticizing Newsom's leadership and accusing him of mismanaging the state's finances. The scathing critique comes as families are said to be fleeing the state due to unaffordable housing, leaving young Californians locked out of home ownership.
According to political consultant Jim Ross, Newsom will likely use his final address to shape his legacy and future ambitions, particularly in the context of a potential presidential bid. "The last things he does in office are going to be the things that people remember," Ross said. "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."
With his address beginning at 10:30 a.m., Thursday, Newsom will have one final opportunity to leave a lasting mark on the state before passing the torch to his successor.