Max Bonilla publicly accused California Gov. Gavin Newsom’s administration of making a $2 billion calculation error in the state budget and then mischaracterizing the issue after it was identified.
Bonilla said the discrepancy involved accounting related to the California Public Employees’ Retirement System, commonly known as CalPERS, and described how the error affected projected employer contributions.
“Governor Newsom’s office made a $2 billion calculation error in regards to the state budget and then lied about it to the public, and they actually covered this up for months.”
He said the handling of the issue raised concerns about transparency and competence within the administration.
“This should be disturbing to you, with all the fraud that’s going on across the United States of America, it shows you how incompetent they are. Shows you that they can’t even do basic math, and they can’t even be transparent to the public when it really comes down to it.”
Bonilla said officials referred to the issue as a revision rather than an error, which he criticized.
“And instead of calling this an error, they’re calling it a revision. And that, my friends, is revisionist history.”
According to Bonilla, the accounting problem involved double-counting employer contributions to CalPERS, the retirement system that provides benefits to public employees after they leave service.
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