Budget developments

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The Legislative Analyst's Office (LAO) compares the state budget for the coming fiscal year as proposed by the governor (May Revise), the state senate, and the assembly. The key difference between the legislature and the governor is that the legislative budgets assume there will be more revenue (and thus higher reserves) this year. The assembly version goes further than the senate's and adds more spending next year. Added spending includes an extra $75 million of which $50 million is for graduate medical education and $25 million is for deferred maintenance.

You can find the LAO's review at:
http://www.lao.ca.gov/handouts/Conf_Comm/2017/Conference-Committee-Overview-053017.pdf