Capitol Alert: AM Alert: Brace yourself for Jerry Brown's revised state budget

VIDEO: Dan Walters, in today's report, says that California legislators are playing second fiddle to the state's ballot initiatives.

Just how bad will it be?

Gov. Jerry Brown is releasing his revised budget in Sacramento at 10 a.m., and with his deficit estimate now at $16 billion, nobody thinks it'll be easy on the eyes. As Kevin Yamamura reported Sunday, "No sector that relies on state funding is likely to escape deeper cuts. Brown has already told state worker unions to expect at least a 5 percent compensation reduction."

Brown's morning news conference will be streamed live on the California Channel's website. The revised budget itself will posted online shortly after 10 a.m. at this link. Afterward, the governor will head to Los Angeles for a second news conference at 2 p.m. Come back to Capitol Alert later today for details and reactions from legislators and others.

The Senate's budget panels will start considering some parts of his plan on Wednesday, but some Capitol denizens won't be waiting that long to weigh in. The Women's Foundation of California has organized a rally on the Capitol's north steps at 11 a.m. to protest against cuts to social services and community colleges. Expected speakers include Los Angeles Democrats Sen. Kevin de León and Assemblywoman Holly Mitchell as well as Jack Scott, the California Community Colleges chancellor.

Both houses of the Legislature have set floor sessions today for noon. The Senate Appropriations Committee agenda lists more than 70 bills -- with pet groomers and state park closures among the issues -- as members work toward the May 25 deadline for measures to pass out of fiscal committees to the floor. Click here for the Senate's daily file, and click here for the Assembly's.

CAKE AND CANDLES: Assemblyman Mike Feuer, D-Los Angeles, turns 54 today, while Sen. Mimi Walters, R-Laguna Niguel, turns 50.