Newsom likely to announce another record-breaking budget surplus: WATCH TODAY

SACRAMENTO, Calif. -- Gov. Gavin Newsom will likely announce another record-breaking budget surplus on Friday, giving him and state lawmakers lots of money to spend in a year the governor is expected to cruise to reelection for a second term.

Newsom has already said how he wants to spend most of the state's money this year. In January, the governor revealed a $286.4 billion budget proposal that would pay the health care expenses of all low-income immigrants living in the country illegally while also cutting taxes by about $5.5 billion for businesses - cuts Newsom has since signed into law.

But there are still lots of questions about how the state will spend its surplus. For one thing, Newsom and legislative leaders cannot agree on how to give money back to taxpayers to help offset higher gas prices. At least one of Newsom's January budget proposals won't happen. With gas prices soaring, the governor had wanted to halt an inflationary increase in the state gas tax this summer. But Democrats who control the state Legislature did not agree to do that, and now it's too late.

Refund my money !

The ignorance in this comment section is astounding.

After the pay cuts to state workers DURING a pandemic disgrace frontline worriers

He should cut California taxes!

Then why are taxes increasing?

Rocklin lunacoin Eurovision 몬스타엑스7주년 another you know what getting way with murder.

GIVE IT BACK. TAXATION IS SLAVERY.

Newsom is a Groomer,.

IRS_CI Audit California

Best government we've ever had frankly. It's so refreshing to see someone actually working for the people.

I wonder what kind of math California government uses.

taxes too high then!

That 97b $ represents 80k middleclass that are now in poverty. overtaxed

Hand out gas cards for 2k each family. Stop raising taxes and look to cut some.

Please use it to more thoughtfully address ffordable housing and water management. And after that, address affordable housing and water management. And after than....

Let’s spend it on a water pipeline from Washington state down the 5 freeway!

Great! Can we please spend it on 1) the housing crisis, 2) education (I'm a teacher and we can't afford PD, new books, or anything else), and/or 3) send everyone a check to offset gas prices? Thanks.

Can we buy some water?

How about UBI

California alone support half the RED State that contribute less into Taxes than what they take. They tried to unseat this guy.

What do you expect when you tax the crap out of hard working people.

How can California have a “record breaking surplus” yet, there are so many homeless living in tents in LA….

Is that from all the taxes we pay

Pay down our unfunded liabilities

Send me my check

Return it to the hard paying tax contributors - if you over collected give it back!! Stop announcing you took excess taxes! It’s pissing folks off.

Because California is taxing it’s residents to death. But look at all of your money we have.

And the dupes in California will applaud being over-taxed.

And then he’s going to uselessly piss it all away for us.

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Eliminate California State Income Tax.

Cool, give us a gas tax holiday then.

🤡🤡🤡

Yet we have record gas prices and pot holes everywhere. Don’t get me talking about the amount of taxes we pay.

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!!

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