California Budget May 2025 Revision The may revision does not incorporate any effect of stark federal cuts that are currently under consideration in congress. still, the may revision continues to support initiatives that improve the lives of millions of californians. The may revision is an update to the governor’s proposed state budget, released by may 14 each year. it includes new estimates for the state’s economy and revenues, updates proposed spending based on the latest information, and may revise, add, or remove policy proposals from the january budget.
Governor Newsom Issues May Revision Of The Proposed 2025 2026 After six years of budget shortfalls, rising homelessness, and an exodus of residents and businesses, gov. gavin newsom unveiled his $321.9 billion may revision to california’s 2025–26 state budget on wednesday — which he acknowledged is upside down by roughly $12 billion. The may revision includes smaller proposed ongoing reductions, compared to the january 2025 gubernatorial budget plan, for the university of california and the california state university systems. Legislature to pass the budget bills by june 15. budget committees and their subcommittees in the assembly and senate will hold hearings to review the governor’s may revision budget proposals and craft the leg. The may revision proposes a net of $12 billion in new or revised budget solutions for 2025 26, which are summarized in the chart on the next page. only 42 percent of these solutions are ongoing general fund spending reductions.
Video Breaking Down Governor Newsom S 2025 26 May Revision Legislature to pass the budget bills by june 15. budget committees and their subcommittees in the assembly and senate will hold hearings to review the governor’s may revision budget proposals and craft the leg. The may revision proposes a net of $12 billion in new or revised budget solutions for 2025 26, which are summarized in the chart on the next page. only 42 percent of these solutions are ongoing general fund spending reductions. As part of the budget announcement, governor newsom released a budget trailer bill to extend california’s cap and trade program, which he is branding as cap and invest, through january 1, 2046. This week, governor gavin newsom released his may revision plan for the 2025–26 state budget, including adjustments for a new shortfall estimated at $12 billion. On wednesday, may 14, governor newsom presented a summary of the may revision of his 2025 26 california state budget proposal. the may revision shows an estimated shortfall of $12 billion. This annual proposed revised budget is referred to as the may revision. in this brief, we provide a summary of and comments on the governor’s revised budget, focusing on governor’s proposals for and the overall condition of the state general fund—the budget’s main operating account.
Governor S May Revision 2025 As part of the budget announcement, governor newsom released a budget trailer bill to extend california’s cap and trade program, which he is branding as cap and invest, through january 1, 2046. This week, governor gavin newsom released his may revision plan for the 2025–26 state budget, including adjustments for a new shortfall estimated at $12 billion. On wednesday, may 14, governor newsom presented a summary of the may revision of his 2025 26 california state budget proposal. the may revision shows an estimated shortfall of $12 billion. This annual proposed revised budget is referred to as the may revision. in this brief, we provide a summary of and comments on the governor’s revised budget, focusing on governor’s proposals for and the overall condition of the state general fund—the budget’s main operating account.
2025 26 California Budget May Revision Summary Key Updates On Early On wednesday, may 14, governor newsom presented a summary of the may revision of his 2025 26 california state budget proposal. the may revision shows an estimated shortfall of $12 billion. This annual proposed revised budget is referred to as the may revision. in this brief, we provide a summary of and comments on the governor’s revised budget, focusing on governor’s proposals for and the overall condition of the state general fund—the budget’s main operating account.
Csu Statement On Governor S May Revision 2025 26 Budget Proposal Csu
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