In this brief, we analyze the Governor’s Proposition 98 May Revision budget package for schools and the California Community Colleges (CCC). In the first section, we focus on the overall Proposition 98 funding level under the May Revision and the reasons it is higher than the Governor’s January budget. We then explain how our office’s higher revenue estimates would affect available Proposition 98 funding and recommend how the Legislature might budget accordingly. In the next two sections, we describe and assess the Governor’s major Proposition 98 May Revision proposals. The Appendix to the brief contains 16 figures that have detailed education budget data. Our February analysis contains additional information about Proposition 98 and calculations of the minimum guarantee.