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Gavin Newsom: “Total surplus in the states, roughly $40 billion.”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published | Video Starts at 57:31

And on account of her, we have an extra $10 billion in the surplus account. So Total surplus in the states, roughly $40 billion. that we go in to the next fiscal year, which, you know, we want to, we want to see that go up. We want to see, you know, whatever happens with the capital gains. (57:31–57:34)

CLAIM

Asserts that the total state surplus is approximately $40 billion.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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