Gavin Newsom: “We did a $1.9 billion appropriation to create these college…”

“We also did the first savings accounts. Everyone's talking about Trump savings accounts six years ago. Five. I did it. We have 5.5 million kids, all our kindergartners. We did a $1.9 billion appropriation to create these college savings accounts. these career accounts, in addition to these baby bonds that we're doing, all in an effort effort to try to deal with financial literacy, connect the dots in terms of wealth disparity, not just income disparities, and address some of these systemic issues of poverty.” (1:12:37–1:12:43)

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.