PolitiQuote

Discover video-sourced quotes by politicians

Gavin Newsom: “California is now replenishing its reserves $23 billion…”

Featuring: Gavin Newsom, Democratic | Governor of California

Watch on YouTube

Has Trump FINALLY LOST His Base? With The Daily Wire's Ben Shapiro

Published | Video Starts at 28:28

The general funds 248 billion. We have 42.3 billion dollar additional revenue structure than we anticipated by the way. Another 2.8 came in in December and California is now replenishing its reserves $23 billion paying down pension obligations $11.8 billion. There's no question their cost pressures as rates to Medicaid and Medi cal in California and those pressures are going to be made worse because of the big beautiful bill. (28:28–28:36)

CLAIM

Asserts that California is replenishing its reserves by $23 billion and paying down $11.8 billion in pension obligations.

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.


Gavin Newsom

Discover more from

Gavin Newsom

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.