Dec 10 2024 1 mins
California has been at the forefront of national news following the 2024 Presidential Election. Governor Gavin Newsom released a statement emphasizing the state's commitment to defending fundamental freedoms and upholding the rule of law, despite the election outcome[1].
On the economic front, California is expected to experience subpar growth in 2024, according to the UCLA Anderson Forecast. The state's GDP growth slowed to 2.8% in the second quarter, primarily due to weaknesses in specific sectors and a high unemployment rate of 5.3% in August[2].
In local government news, Californians voted on several propositions, including approving Proposition 4, which allows the state to issue $10 billion in bonds for environmental and climate resilience projects. However, Proposition 6, aimed at removing involuntary servitude from the state constitution, was rejected[5].
In environmental news, California's wild weather year may not be over yet, with a 55% chance of La Niña developing between June and August, potentially leading to more extreme weather events[3].
Looking Ahead:
- The state legislature is expected to convene a special session later this year to safeguard progressive policies ahead of another Trump presidency.
- The California Air Resources Board plans to make carbon emissions restrictions stricter, which could lead to higher gas prices.
- The potential for Vice President Kamala Harris to run for California governor in 2026 is gaining attention, with a recent poll showing she would have the support of some voters[5].
On the economic front, California is expected to experience subpar growth in 2024, according to the UCLA Anderson Forecast. The state's GDP growth slowed to 2.8% in the second quarter, primarily due to weaknesses in specific sectors and a high unemployment rate of 5.3% in August[2].
In local government news, Californians voted on several propositions, including approving Proposition 4, which allows the state to issue $10 billion in bonds for environmental and climate resilience projects. However, Proposition 6, aimed at removing involuntary servitude from the state constitution, was rejected[5].
In environmental news, California's wild weather year may not be over yet, with a 55% chance of La Niña developing between June and August, potentially leading to more extreme weather events[3].
Looking Ahead:
- The state legislature is expected to convene a special session later this year to safeguard progressive policies ahead of another Trump presidency.
- The California Air Resources Board plans to make carbon emissions restrictions stricter, which could lead to higher gas prices.
- The potential for Vice President Kamala Harris to run for California governor in 2026 is gaining attention, with a recent poll showing she would have the support of some voters[5].