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Gavin Newsom: “We're looking forward to this year...on reforming…”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published | Video Starts at 18:14

You can see this EKG chart, which is the volatility of our revenue and how it spikes from year to year collapses. When the nation gets a cold, we get the flu. And so the issue … We're looking forward to this year...on reforming proposition two and doubling our set aside from that 10% to 20%. … so we can capture more revenue. Remember, three major IPOs later rejected this year alone. Three of them, all three, one in common. They're all California startups that now are dominant businesses. (18:14–18:34)

CLAIM

Asserts plans to reform Proposition 2 by doubling the set aside from 10% to 20%.

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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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