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THE CALIFORNIA Journal of Politics & Policy Volume 2, Issue 2 California’s Once and Future Budget Crisis: No Country for Old Men . . . Or Young Mothers, Sick Children, or Even Otters Stuart Kasdin University of California, Santa Barbara Abstract California’s current budget process fails to accomplish any of the goals a budget should. It does not maintain aggregate scal control. The budget fails to achieve al- locative efciency by targeting resources to programs that address the sectors of the state economy that would most benet from additional resources. In addition, the budget is frequently tardy. A Constitutional Convention could x these problems. KEYWORDS: budget, constitutional convention, taxes, policy Acknowledgements: Thanks to Robert Stern, President, Center for Governmental Studies; John Matsusaka, President, Initiative and Referendum Institute; Jennifer Burnett, Council of State Governments; and John Woolley, University of Califor- nia, Santa Barbara, for helpful responses to my queries. www.bepress.com/cjpp

California's Once and Future Budget Crisis: No Country for Old Menor Young Mothers, Sick Children, or Even Otters