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Gavin Newsom: “We're projecting 3.6 billion, proposing to pay down our…”

Featuring: Gavin Newsom, Democratic | Governor of California

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

Published | Video Starts at 30:00

We're not just investing in the present, we're investing in the future. We're paying down long term obligations. And I just wanted to true this up because I think it's important. This budget year, We're projecting 3.6 billion, proposing to pay down our unfunded liabilities. You look at the next four years, including the 3.6, about 13.1 billion. And over the last seven years it's about 14, or rather $15.4 billion that's been paid down. (30:00–30:07)

CLAIM

Asserts a proposal to pay down $3.6 billion in unfunded liabilities.

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