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Gavin Newsom: “We're going to rebuild our reserves $7.3 billion.”

Featuring: Gavin Newsom, Democratic | Governor of California

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LIVE: California Gov. Gavin Newsom delivers final State of the State address

Published | Video Starts at 24:11

Interesting fact. Mindful as we should be erratic nature of our state revenue and our long term structural challenges that we will discuss in detail tomorrow in the budget presentation. We're going to rebuild our reserves $7.3 billion. We're going to pay down long term pensions. And Those obligations over $11.8 billion will be met over the next few years including $3 billion just in next year's budget. (24:11–24:15)

CLAIM

Asserts that California will rebuild its reserves by $7.3 billion.

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