California Audit Reveals Millions in Wasted Taxpayer Funds Under Newsom

Audit Flags Millions in Wasted California Funds

• audit report revealed that California state agencies wasted millions in taxpayer dollars.
• One agency is cited for wasting over $4.6 million on unused mobile device fees for devices that went unused for over two years.
• Another agency failed to report approximately $400,000 in taxable fringe housing benefits for employees renting state-owned housing below market value.

Criticism of California's Leadership and Fiscal Management

• Legal and political strategist Katie Zachariah stated that the failed leadership in California is responsible for the mismanagement.
• The state audit report indicated that under Gavin Newsom's tenure, the number of agencies susceptible to fraud, waste, and abuse has doubled from four to eight.
• California faces $1.6 trillion in unrealized liabilities and debt, in addition to the cost of projects like the $128 billion "train to nowhere."

Homelessness Spending and Unaccounted Funds

• The audit highlighted that $24 billion spent on homelessness is now unaccounted for.
• California leads the nation in homelessness, unemployment, and welfare cases.

Sanctuary States and Accountability

• Zachariah suggested a correlation between sanctuary states/jurisdictions and situations of fraud, waste, and abuse.
• She called for the DOJ, under President Trump's executive order, to examine these jurisdictions for accountability.

Tech Billionaires Threaten to Leave Over Wealth Tax

• Tech billionaires are reportedly threatening to leave California due to a proposed 5% wealth tax.
• Palmer Lucky, Oculus VR founder, expressed concern about being forced to sell company shares to fund political initiatives and the state's financial mismanagement.
• The proposed tax aims to fund medical programs, with 90% of funds allocated to them.
• This comes after California funded healthcare for illegal immigrants at a cost of $23 billion, leading to the medical program's insolvency and requiring significant loans.
• Critics argue that Newsom and Democrats are punishing successful business owners whose companies drive the economy to cover their failed policies.