What’s in the 2023-24 May Revision?

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. The administration proposes to resolve the shortfall through a series of spending reductions, trigger cuts, and delays or deferrals of spending authorized in earlier years as well as through internal borrowing and fund shifts. What do we know about proposed cuts? How do proposals address racial and economic inequities in our communities? And what are the missed opportunities in the proposal? Check out the Budget Center’s resources below.