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Gavin Newsom: “I just submitted a balanced budget on a. I mean a de…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Published | Video Starts at 1:12:38

I mean talked about my reserves. We talk about paying required that we. Are running, you know, the last several years the budget has run what, a $20 billion. No, we just. I just submitted a balanced budget on a. I mean a de minimis. $2 billion, 2 point something odd billion dollar, which is a rounding error in the state balanced budgets. I mean it. Period. And half a billion dollars of unfunded liabilities. Increased tax rates. Well, we haven't increased taxes since 2011. I haven't increased any taxes. So that's just factually untrue. (1:12:38–1:12:50)

CLAIM

Asserts that California's budget is balanced with a minor deficit of around $2 billion.

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