Gavin Newsom: “93% of the last budget surplus, 93% went for one time…”

“For prop one come from that? We put unprecedented, we put $54 billion into climate, we put unprecedented money in our water and sewer system, stormwater capture. We put unprecedented capital, 93% of the last budget surplus, 93% went for one time capital purposes. And those capital dollars included many of the priorities in the state. Regarding the deficit, Robert Reavis, the assembly speaker, has not ruled out tax hikes. I have.” (05:54–06:01)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.