'%3E%3Cg id='mobile_login_icon' data-name='mobile login icon' transform='translate(0 0)' clip-path='url(%23clip-path)'%3E%3Cpath id='Path_607' data-name='Path 607' d='M22.775,22.09a1.99,1.99,0,1,1-1.99-1.99A1.99,1.99,0,0,1,22.775,22.09Z' transform='translate(-12.654 -13.533)' fill='none' stroke='%23000' stroke-miterlimit='10' stroke-width='1.5'/%3E%3Cpath id='Path_608' data-name='Path 608' d='M20.685,41.322v-1.8a1.567,1.567,0,0,0-1.564-1.561h-4.8a1.571,1.571,0,0,0-1.561,1.568v1.8' transform='translate(-8.593 -25.558)' fill='none' stroke='%23000' stroke-miterlimit='10' stroke-width='1.5'/%3E%3Cpath id='Path_609' data-name='Path 609' d='M15.062,4.247H12.643l-3.2-2.809a.68.68,0,0,0-.938,0L5.3,4.247H2.884A1.639,1.639,0,0,0,1.25,5.881V18.058a1.639,1.639,0,0,0,1.634,1.634H15.062A1.639,1.639,0,0,0,16.7,18.058V5.881A1.639,1.639,0,0,0,15.062,4.247Z' transform='translate(-0.842 -0.842)' fill='none' stroke='%23000' stroke-linecap='round' stroke-linejoin='round' stroke-width='1.5'/%3E%3C/g%3E%3C/g%3E%3C/svg%3E%0A)
California Education and Budget Reporter
Pro Briefing
Balancing Act: The Politics of Newsom’s May Revise
Thursday, May 28, 2026 | 10AM PT
After Gov. Gavin Newsom unveiled the May Revise of his final budget after two terms, California finds itself in a paradox: a surge in revenue fueled by booming tech-driven stock markets, alongside persistent structural deficits tied to years of ambitious spending. Newsom has signaled a more restrained approach to close out his tenure and leave a stable fiscal outlook for his successor—but with his legacy and a potential 2028 presidential run looming, pressure to invest in signature programs in health care, education and elsewhere remains.
Join POLITICO reporters Eric He and Jeremy B. White on Thursday, May 28 at 10:00am PT, for a conversation on what Newsom’s latest budget reveals about California’s future and his own political ambitions.