Fiscal Policy

State and Local Finance

California Governor Jerry Brown announces his revised budget proposal at a news conference in Los Angeles, California, May 14, 2012. (Reuters/David McNew)

Blog Post

California’s Budget Crisis: Part XII

May 17, 2012, Tracy Gordon

Describing California's annual budget woes as following a predictable yearly pattern, Tracy Gordon explains the structural causes of the state's fiscal problems. Gordon also discusses the lack of informed debate and public concern about budgets, but notes that this year's harsh spending cuts may draw the attention of voters.

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