It’s Time For Gov. Gavin Newsom's 'May Revise' Budget Announcement Thursday, May 9, 2019 | Sacramento, CA Listen / download audio Update RequiredTo play audio, update browser or Flash plugin. California Gov. Gavin NewsomAndrew Nixon / Capital Public Radio It's budget season in Sacramento! Known by people who work in or cover the California state legislature as the “May Revise,” this is the time of year when lawmakers hash out what makes it into the next fiscal year’s budget and what doesn’t. The fiscal year runs from October 1 to September 30, so the “May Revise” is a critical point in the budget year. Capital Public Radio’s Capital Bureau Chief Ben Adler joins Beth Ruyak to talk about what the budget is looking like at this vantage point.