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RECORDING in ACCORDANCE with CALIFORNIA GOVERNMENT Form

RECORDING in ACCORDANCE with CALIFORNIA GOVERNMENT Form

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possible throughout the helps and reporters if you could standing by for reports than yeah is he texted all right we go is the ASL all right thanks everybody um for the opportunity to update you on the uh May Revis and uh opportunity obviously to take any questions uh you may have this is a continuation of something uh we made crystal clear in January and that is um a process to address the distortions a process to address and correct the supercharged budgetary performance in the state of California in 2021 and 2022 uh the need to right siiz expenditures uh the need to WR size uh in relationship uh those expenditures to revenue is self-evident as it relates to some of the projected shortfalls that we announced in January uh and we will be updating here today in May uh fundamentally the approach we will be taking today is a little bit different than the approach we've taken in the past uh we are not looking at the budget year alone we're looking at the budget year plus o

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