Charter Currents: Governor’s May Budget Revision Rudely Funds COLA by Cutting Current-Year Funds

Governor Newsom’s May Revision budget proposal for the upcoming fiscal year would fund increased cost-of-living adjustments despite declining state revenues, but would also impose unexpected, deep cuts to two current-year funding programs.  This brief article outlines CSDC’s preliminary take on the May Revision based on partial information available at the time it was drafted.