California EDGE Coalition’s Summary of the Governor’s 2026-27 May Revision
On May 14, Governor Newsom released the 2026–27 May Revision, a $321.9 billion spending plan that reflects stronger-than-expected revenues alongside continued economic uncertainty. General Fund revenues came in $16.5 billion above January projections, driven largely by a spike in 2025 capital gains income. The proposal maintains nearly $29.9 billion in total reserves, including $15.1 billion […]
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