US EditionCalifornia EDGE Coalition’s Summary of the Governor’s 2025-26 May Revision - California EDGE Coalition
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California EDGE Coalition’s Summary of the Governor’s 2025-26 May Revision - California EDGE Coalition
On May 14, Governor Gavin Newsom presented the 2025-26 May Revision, an updated state budget proposal shaped by economic disruptions stemming from federal instability. The proposal adjusts for a projected $11.95 billion shortfall driven by market volatility, decreased tourism revenue, and the impact of tariffs. These combined factors have contributed to an estimated $16 billion reduction in the state’s revenues.California remains the world’s fou…
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