(May) Revise and Resubmit
In normal times, the state budget is first submitted by the governor in January, per the California constitution. But there is a second stage, a tradition, of the “May Revise.” In mid-to-early May, the governor submits a second budget proposal which reflects updated economic forecasts plus a gathering of political intelligence concerning what will fly and what will not. There was a deviation from this tradition in 2009. In February 2009, the legislature both revised the current year’s budget and enacted a budget for the following year – which contained the now-expiring temporary tax increases. Things did not go smoothly…