Gavin Newsom: “We had $177 billion operating surplus over two of the last…”

“This is, the independent got it independently. But still, you do have a deficit and it's large, whether it's 73 billion or 38 billion or 48 billion, it's a concern. We had $177 billion operating surplus over two of the last four years as well. By the way, why couldn't the money. For prop one come from that? We put unprecedented, we put $54 billion into climate, we put unprecedented money in our water and sewer system, stormwater capture.” (05:36–05:43)

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.