California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.
Highlights
- Gov.
- Gavin Newsom unveils revised budget plan of just over $300 billion for next fiscal year.
- State has collected $55 billion more in taxes than officials expected in January.
- Newsom 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.
- Democrats want to give $400 checks to registered car owners in the state, with up to two checks per person.