California Faces $68 Billion Deficit and Tough Choices on AI Laws, Theft Crackdown, Healthcare
• California faces a massive $68 billion budget deficit that will impact all legislative proposals with a fiscal component
• Artificial intelligence legislation will likely pass, including measures on AI's impact on jobs and intentionally deceptive online content
• Retail theft crackdown is a priority for Assembly leadership
• Single-payer healthcare proposal could be revived in 2024 but faces hurdles due to the budget crisis
• Homeowners' insurance legislation may happen as providers pull back coverage amid market instability