BREAKING Gov. Newsom announces record-setting $97.5 billion California budget surplus: 'Simply without precedent'
SACRAMENTO, Calif. -- California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday.
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'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."Gov. Gavin Newsom must still determine who is eligible to receive California gas rebate checks -- up to $400 per vehicle.
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.
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