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Gavin Newsom: “We have an extra $10 billion in the surplus account.”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published | Video Starts at 57:28

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. 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. (57:28–57:32)

CLAIM

Asserts that there is an additional $10 billion in the surplus account.

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