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Gov. May Revision Proposal 2019-20

Today, Gov. Gavin Newsom released the May Revision to the 2019-20 State Budget. Just like recent reports indicated the state’s revenues were above projections by several billion dollars, the May Revision reflects higher revenue estimates of $3.2 billion through 2019-20 compared to the January budget, with most of these increases going towards constitutionally required reserves, debt repayment and schools, while demonstrating a commitment to the causes championed during the gubernatorial campaign.

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