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Newsom signs off on 100% California tax for money from Trump's $1.8-billion 'slush fund'
By Iris Kwok at Los Angeles Times - California
· July 1, 2026
· 1 min read
Gov. Gavin Newsom on Tuesday signed off on legislation that would levy a 100% California tax on payouts from Trump's $1.8 billion "Anti-Weaponization" fund.
Key takeaway Gavin Newsom on Tuesday signed off on legislation that would levy a 100% California tax on payouts from Trump's $1.
Why this matters in The Los Angeles
The new legislation signed by Governor Newsom will have significant implications for California's budget, as it aims to capture a substantial portion of the payouts from Trump's $1.8 billion fund. This move could potentially generate considerable revenue for the state, which could be allocated to various local programs and initiatives. In the context of Los Angeles , this could mean increased funding for city government projects, schools, and public safety initiatives. The city's residents may see tangible benefits from this new tax, such as improved infrastructure, enhanced community services, or expanded educational resources. As the state begins to implement this new tax, Los Angeles residents will be watching closely to see how the revenue is allocated and what specific benefits it brings to their community. The impact of this legislation will likely be felt at the local level, making it a development worth monitoring in the coming months.
About this story
Original reporting by Los Angeles Times - California . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: local ·
Published: July 1, 2026 ·
Source: Los Angeles Times - California ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Gov. Gavin Newsom on Tuesday signed off on legislation that would levy a 100% California tax on payouts from Trump's $1.8 billion "Anti-Weaponization" fund.
When was this published? This article was first published on July 1, 2026 by Los Angeles Times - California and curated for The Los Angeles readers.
Who reported this story? This story was reported by Iris Kwok at Los Angeles Times - California. To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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