Gov. Newsom announces record-setting $97.5 billion California budget surplus

#BREAKING Gov. Newsom announces record-setting $97.5 billion California budget surplus: 'Simply without precedent'

Breakıng, Gavin Newsom

5/13/2022 8:41:00 PM

BREAKING Gov. Newsom announces record-setting $97.5 billion California budget surplus: 'Simply without precedent'

California expects to enter the next budget year with a record-setting $97.5 billion budget surplus, Gov. Gavin Newsom said.

SACRAMENTO, Calif. -- California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.Newsom unveiled a revised budget plan of just over $300 billion for the next fiscal year, the highest in state history and fueled by surging tax revenues. The state has collected $55 billion more in taxes than officials expected in January, leaving it with an estimated $97.5 billion surplus.

That means Newsom, a Democrat, has tens of billions of dollars more to spend on new and existing initiatives as he seeks re-election in the fall. He plans additional spending to tackle the ongoing drought, to help more women get abortions in California and to offset rising costs of food, gas and other goods due to inflation.

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Now, lower our gas taxes eliminate it! Great Job Governor. He is doing much better budgeting then our US President who keep wasting billions 💵 of dollars in Wars we can't win. Sadly some these wars are caused by sticking our noses where don't belong. Zero dollars spent on the homeless Sooner or later they will run out of other peoples money

We are grossly overtaxed. I guess the state can use that in solving the water crisis. What do you think? Use the money to fix the homeless mayhem & fix the infrastructure which is in bad shape. Wait, you and everyone else in government are so incompetent that even with all that money you don’t know how to use all that money effectively.

GavinNewsom CAgovernor pay your hard working state workers an actual LIVING WAGE. And make them come back into the office since they're all VACCINATED now. 😉 This is because he has been taxing the crap out us. A 100 Billion dollar surplus? How does one have an unplanned 100 billion dollar surplus? Please explain it to me like I’m five.

It’s not his money, he just bought more votes with our taxpayers $$$, good job commie!

Gavin Newsom: California Taxpayers to Subsidize Abortion Tourism California Gov. Gavin Newsom (D) announced plans Wednesday to spend an additional $57 million on abortions for uninsured, out-of-state residents who travel to the state to have abortions because of restrictions on abortion in their own states. How about stopping crime. Human life has no value anymore. Also a Crack pipe, 'CALL JOE'

And yet the State is in the worst shape in history Give it back then!! It’s my money and I need it now. jgwentworth lol Awesome Newsom! Send it back! Let's see how they'll squander it. More money for the boondoggle train! Yay. 🙄 He’s going to need to give some back. Him and the legislature. It’s in our constitution.

taxpayers should get refund based on their contributions How is that possible? Why didn't he waive gas taxes, some that were supposed to be temporary, to help us at the pump? How much of the surplus will go to illegals? Californian citizens FIRST Mr. Governor!!!! Let me guess all of the politicians will give themselves a raise

Advocates Of Major Changes To Cal Grant Look To NewsomFor the second consecutive year, a major overhaul to California ’s main financial aid program is being proposed by lawmakers who say the current system is overly complex and excludes too many students from getting aid.

Newscum is shameless. Yeah but we also have $362.87 billion dollars in debt. So what the fuck was the point of this How upsetting, no wonder taxes are stupid high There's my taxes! That just means our taxes are too high! This is not a bad thing as long as it actually gets used to fix some of the pressing issues, and gives some of us some direct help too.

Shows you how much we as Californians pay in state taxes. That’s also why it doesn’t make sense to own a business in California. Lower taxes. That is why it is unprecedented. Geez. How about a pay increase for the state workers What does that mean for us? Nothing. Gas prices high, home prices skyrocketing, and jobs leaving California!! Keep jobs in CA should be the focus!!

Newsom likely to announce another record-breaking budget surplus: WATCH TODAYGov. Gavin Newsom will likely announce another record-breaking budget surplus on Friday. And those pigs will keep the $$ for themselves to feed all the other pigs feeding off the taxpayer trough. They certainly won’t give any of the 💰 back to the taxpayers. Hell, we’re too stupid to know how to spend our own money. But Newsome knows how!! All hail, King Newsome!! Yet we have record gas prices and pot holes everywhere. Don’t get me talking about the amount of taxes we pay. 🤡🤡🤡

I'm pretty sure this means we are grossly over taxed. The State should be fined. Could this be due to over taxation? Mmmm...could be! Please lower our taxes! Then lower the taxes!!! How obvious is it And YES the residents of California deserve some of that Redistributing wealth? Buying votes. C-O-R-R-U-P-T!

Use it to rake the forests, control the fires before they start Fuck yeah California!! I fucking love you! Give us back our money!

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I think California needs affordable housing. Maybe they can use it for that? I like surpluses. How about getting rid of the gas tax for now and bringing down the cost of gas? Or spending the state income tax? So when the governor does this small change ; its like a dominos one piece falls and the rest follows. Rents, food, gas,leisure activities,health care, etc. All go up and it makes no change. Supply and demand in california is too high when this state is overpopulated.

We smell a snow job... Surplus could easily fix existing issues, reduce taxes for an out of control state and yet still make interest in the “surplus” of money. Stop politicking and get something done, without the red tape! Nice to see all the comments here saying - then reduce taxes, lower gas tax and deal with crime and the homeless - but you all in the blue cities (LA & SF) keep voting him in. Could have gotten rid of him but you refuse because of the social agenda the left has indoctrainared.

Lower taxes then! In 1992 they raise the minimum wage and it did not change anything. The problem in california is that any small change that they do everything goes up and this is not inflation. We have not seen inflation since 1980. Here are all the Dems that voted not reduce or suspend gas tax!! Yet Newscum is bragging about a surplus.. vote them out in Nov.. let CA citizens keep their money!

Deficit: See? They don’t know how to manage the money. Surplus: Give us our tax money back!

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Deficit: See? They don’t know how to manage the money. Surplus: Give us our tax money back? That means he and liberals are over taxing the citizens of CA!! Flush this guy in Nov! A surplus means we are being over taxe A surplus means Jewsom will be a big pay out for being under budget A surplus means a a huge bonus for Jewsom

A surplus is only good for those in control of the money. A small select few A surplus means California is robbing its residents and using that money fill pockets of politicians A Newsome just wait until they audit you. Then they're going to find out just how corrupt you and your aunt are. How about we spread some of that to all the small businesses that were closed down during Covid?

So why doesn’t he help our homeless and fix our roads?

Utah Gov. Spencer Cox tests positive for COVID-19 on ThursdayThe governor’s office said Cox first started having a scratchy throat Wednesday evening. He will be isolated for five days and wearing a mask for the next 10 days. Cox and the first family have been vaccinated, his office said. Is it going to make the headlines when he gets a prostate exam, has allergies, or gets a colonoscopy? STOP

Drop the gas tax Well yea GavinNewsom how wouldn't you make all that money off us from license plate tags, high gas prices and lying about food shortages. If you have all that money give it to the people instead of more guns for war 🤷🏻‍♂️ Lowest the taxes in CA especially the sales tax Costco ! It’s his job. I don’t understand how this is ground breaking or of shock value. GET THE JOB DONE

Well that what you get , when you TAX the living FUCK out of people. AH YES,, TOUTING THE WORST GOVERNOR IN THE USA, FOLLOWED BY THE UN-ELECTED HARD TO LOOK AT HOCHUL (A WOMAN!) Cool, can I have some of my money back? recend gas tax!!!! Homeless everywhere, roads are the worst in the nation, reservoirs are empty, second highest taxes behind New York, highest gasoline taxes and prices, keep up the good work. You’re doing a great job Governor Newsome. Must be election time.

Because you’ve robbed it from all of us and want us to thank you for trickling it back to us. Great forced perspective attempt there. Where does everyone think that SURPLUS came from? It was stolen from us and CA gains interest from it, not we who earned it. Gann Amendment has something to say about our refund GavinNewsom CAgovernor GannAmendment

That’s what happens when you tax the living hell out of everybody!!! Return it to the working people!!! That is less than $2500 per person in California so nothing to see here move on. Just double teacher’s pay and ensure the underserved population is taken care of. Or just give it all to black folks that this country robbed them of their past and future. I’d say do just that

97.5 billion in surplus, while Californians are scraping to get by... No thought of tax breaks, right? Lower our taxes and not let him spend it on stupid items like himself ! How about start recovering the fraud you allowed in Covid stimulus and unemployment funds!!!! thats... Excellent solution to homeless crisis surely to follow!!!! Our hero!

Nice! See what happens when you’re not a crooked politician and scoop up all of your states income by giving out contracts to your grifter friends? Excellent! Now, as a major donor to this surplus, I'd like to see some more investment in developing a green tech sector, so that Californians can get good-paying jobs while developing mitigation strategies for climate change. Let's lead!

Funny how he finds all this EXTRA DOUGH prior to elections 🤔 When the budget committee was explaining the surplus to Newsome.... Ok and explain to us again WHY gas is so expensive?!?! Gov Grusome California rocks! Thank you Governor Newsom. 👊🏽😎👍🏽🇺🇸🇺🇲 For everyone bitching… much of that tax surplus comes from taxing businesses and big corps in California.

surplus? You meant over-taxed! Give it back Give me my money back asshole I know how to spend it better than u do Stop overtaxing Californians! So maybe I can finally get the state tax refunds I've been waiting over 2 years for?

Then drop the frigging gas tax now! Maybe spend some of that. There's a lot of people who could use a place to live right now. With 5 trillion in pension debt STOP STEALING OUR MONEY Use it to do proper prep for fires and not on studies about pronouns RazePS3 Build more community-owed PS, affordable, & market-rate housing! We cannot rely solely on the privately-owned housing market that is pushing so many CA residents into poverty! GavinNewsom

So this means one thing. We are being WAY OVER Taxed! So this piece of shit is hoarding billions of our tax payer cash while our roads are filled with holes, our sidewalks are filled with tents and we're being overtaxed on every dime we make. Seems to make perfect sense. Shameful display of excessive taxation

Email SACRAMENTO, Calif. -- California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday. Newsom unveiled a revised budget plan of just over $300 billion for the next fiscal year, the highest in state history and fueled by surging tax revenues. The state has collected $55 billion more in taxes than officials expected in January, leaving it with an estimated $97.5 billion surplus. That means Newsom, a Democrat, has tens of billions of dollars more to spend on new and existing initiatives as he seeks re-election in the fall. He plans additional spending to tackle the ongoing drought, to help more women get abortions in California and to offset rising costs of food, gas and other goods due to inflation. He'll have to reach agreement with the Democratic-led legislature on all of his proposals. They have until the end of June to finalize the budget, which takes effect July 1. Newsom said one of his top budget priorities is providing Californians relief from inflation. "People are feeling deep stress, deep anxiety," he said. He's proposed giving $400 checks to registered car owners in the state, with up to two checks per person. That would cost the state about $11.5 billion, he said. Though the money would only go to car owners, Newsom said it should be considered"inflation refund and relief." More News Videos Gov. Gavin Newsom must still determine who is eligible to receive California gas rebate checks -- up to $400 per vehicle. "For you, it could be a rebate to address the issue of groceries, it could be a rebate to address the other cost burdens that are placed on you," he said. Democratic lawmakers, though, have a different idea on how to provide relief. They want to give $200 checks only to those below a certain income level. Republicans, meanwhile, say rather than a check Newsom should suspend the state's highest-in-the nation gas tax for one year. They've also asked him to increase a tax credit for renters and offer new tax credits to students. "Senate Republicans believe there is a better way to invest in the state," said Sen. Rosilicie Ochoa Bogh of Yucaipa.