Bloomberg Tax
May 13, 2021, 1:00 PM

Newsom Wields $100 Billion Kitty as He Fights California Recall

Romy Varghese
Romy Varghese
Bloomberg News

California Governor Gavin Newsom began the week touting a situation that any governor would envy: He has an extra $100 billion to spend on his priorities.

The Democrat who’s facing a rare recall election later this year then blasted out a fundraising email trumpeting his promise to send $600 checks to millions of Californians in what he has called the biggest state tax rebate in history.

Of all the governors across the country, Newsom arguably stands to win the most politically from President Joe Biden’s $350 billion aid package to state and local governments intended to help ease the costs ...