May Revise Budget 2024 Ca Details. May revision ( may ) changes to the governor's proposed budget based upon the latest economic forecasts Normally, the purpose of finance letters is to amend the budget bill and the governor’s budget from that submitted on january 10 to reflect a revised plan of expenditure for the budget year.
Newsom and democratic leaders in the legislature announce a deal on early action to shrink the state’s budget shortfall by $17 billion. This first look report outlines key pieces of the may revision and explores how the governor prioritizes spending amid the first budget shortfall of his tenure.
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