Governor Newsom will release his revised 2024-25 state budget proposal on Friday, May 10th in Sacramento.
A summary of the May Revision can be found on the DOF’s website here: www.ebudget.ca.gov
Once the revised budget is released, the Senate and Assembly must review and pass a balanced budget bill for the 2024-25 fiscal year by Saturday, June 15. The Governor will have until Thursday, June 27, at the latest, to sign or veto the budget bill. The 2024-25 fiscal year begins on Monday, July 1.
The press conference will be livestreamed on X @CAgovernor and the Governor’s YouTube page.