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Gavin Newsom: “The reserves in this year's budget, $29.9 billion in total…”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published | Video Starts at 57:01

I think this is important because we've had the good days, bad days, we've had to pull the reserves, but same time, we've always been mindful that we just can't rely on that. Got to keep replenishing them. So The reserves in this year's budget, $29.9 billion in total reserves. And then this reserve surplus account which we created two years ago, which you may recall hour three of that January presentation called the Erica account because of her brilliance, she calls it the Erica account. (57:01–57:07)

CLAIM

Asserts that the current budget includes $29.9 billion in total reserves.

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