The 2020-21 May Revision: Initial Comments on the Governor’s May Revision by LAO

May 18, 2020 – On May 14, 2020, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In stark contrast to the January budget proposal—which anticipated the state would have a surplus to allocate for 2020‑21—the public health emergency associated with the coronavirus […]