Newsom Says California Has $97-billion Budget Surplus ...Middle East

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Sacramento, CA — Governor Gavin Newsom has released his May revised budget proposal, and there will be a lot of extra, unexpected revenue for lawmakers to utilize. At a press conference this morning, Newsom stated, “The projected operating surplus for the state of California is just shy of $100-billion. It is simply without precedent. No other state in American history has ever experienced a surplus as large as this.” Newsom says it is primarily a result of California’s 7.8-percent Gross Domestic Product (GDP) growth. The Governor’s Office has put out a recap of the revised plan budget, and it is located below: $18.1 Billion Inflation Relief in direct payments to help address inflation, h

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Last updated : 13 May 2022 clock 09:51 PM

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Newsom Says California Has $97-billion Budget Surplus ...Middle East

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