Commentary California is flush with cash and Gov. Gavin Newsom is giving it away. The state found itself with a $75.7 billion budget surplus for the current fiscal year, and Newsom announced May 10 that he wants to give all $12 billion of it away. He said he wanted to fund “nearly $12 billion in…

Commentary California is flush with cash and Gov. Gavin Newsom is giving it away. The state found itself with about $12 billion in unexpected revenue for the current fiscal year, and Newsom announced May 10 that he wants to give all of it away. He said he wanted to fund “nearly $12 billion in direct…