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Gavin Newsom: “Creating these 5.5 million in accounts, I put $1.9 billion…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Gavin Newsom: California's Housing Crisis Is Its Original Sin

Published | Video Starts at 52:36

My staff was not a huge supporter of this legislature. I always have to fight to get the money in this. I'll look back at that as one of the most significant. Also Creating these 5.5 million in accounts, I put $1.9 billion, we had a big surplus one year. Creating these child savings accounts. Create a brand new grade pre K for all. Every child entered into kindergarten gets own savings and career account. Those are things I'm proud of. (52:36–52:43)

CLAIM

Asserts the creation of 5.5 million accounts with a $1.9 billion investment during a surplus year.

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