Gavin Newsom: “Our budget, by the way, has the highest reserves.”

“We continue to highlight that as it relates to the SNAP program which we just announced, some new anti fraud efforts there that have saved taxpayers billions of dollars. Our budget, by the way, has the highest reserves. This year we're going to have another surplus. Highest reserves. We have paid down almost $19.7 billion in pension obligations. And yes, our economy has grown and our budget has allowed us to invest one time capital.” (1:21:07–1:21:11)

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