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  1. May 10, 2024 · SACRAMENTO – Governor Gavin Newsom today released a May Revision proposal for the 2024-25 fiscal year that ensures the budget is balanced over the next two fiscal years by tightening the state’s belt and stabilizing spending following the tumultuous COVID-19 pandemic, all while preserving key ongoing investments.

  2. May 25, 2024 · Governor Gavin Newsom released a summary of the May Revision to his proposed 2024-25 California state budget on May 10, projecting a $44.9 billion shortfall, or $27.6 billion shortfall, when taking into account early budget action taken by the legislature in April to reduce the shortfall by $17.3 billion.

  3. May 10, 2024 · California Gov. Gavin Newsom. on Friday unveiled his revised $288 billion budget proposal with a $28 billion deficit that will require tough budget cuts — including eliminating 10,000...

  4. May 12, 2023 · SACRAMENTO – Governor Gavin Newsom today released his May Revision proposal, a balanced budget plan that maintains critical investments to address our biggest challenges while preparing for continued economic uncertainty due to global economic issues.

  5. May 11, 2024 · Newsoms revised $288-billion budget proposal, announced Friday, projected Californias deficit to be $7 billion more than the shortfall his administration expected in January. The grim...

  6. May 24, 2023 · Governor Gavin Newsom released the May Revision to his proposed 2023-24 California state budget on May 12, projecting a $31.5 billion shortfall, up from a projected $22.5 billion shortfall in January.

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  8. May 9, 2023 · Once the press conference begins, the Department of Finance will post a summary document of the May Revision at www.ebudget.ca.gov. ###. SACRAMENTO – Governor Gavin Newsom will release his revised 2023-24 state budget proposal on Friday in Sacramento. WHEN: Friday, May 12, 2023 at approx. 10:00 a.