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Gavin Newsom: “It projects because of the big three back to California…”

Featuring: Gavin Newsom, Democratic | Governor of California

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LIVE: California Gov. Gavin Newsom proposes revised budget | KTVU

Published | Video Starts at 16:14

The budget we are submitting for the 2026, 2027 fiscal year is balanced and it includes about 250 billion in general fund and about $250 billion overall investments. So 246.6 billion general fund and $349.9 billion of investments overall. It projects because of the big three back to California dominating revenue beyond what we had projected in January north of $16.5 billion. dollars. These numbers are very fluid but the positive revenue is self evident. It's been reflected in some of the Laos own estimates but it's reflected in this budget through just again the contributions from the big three of over $16.5 billion. (16:14–16:30)

CLAIM

Asserts that California's revenue projections exceed January estimates by over $16.5 billion due to the 'big three.'

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.


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