The state of California plans to give "reparations" to black residents, and oh man, it won't be cheap.

California's reparations task force is meeting today and tomorrow to discuss the costs, but economists are already warning that it could cost the state $800 billion!

California's total annual budget currently sits at about $300 billion – these reparation costs will nearly triple the state's existing budget.

Plummeting into more debt... what could go wrong?

California Assembly member Reggie Jones-Sawyer told the AP, "We've got to go in with an open mind and come up with some creative ways to deal with this."

Translation: Throw more money at it.

Fox News reports:

Jones-Sawyer sits on the reparations committee and is one of two lawmakers tasked with convincing Gov. Gavin Newsom and the state's other lawmakers to adopt the jaw-dropping expenditure. The task force is facing a July 1 deadline for coming up with a dollar amount for how much the state should give its Black residents.

Sen. Steven Bradford, another lawmaker on the panel, asked, "How do you compensate for hundreds of years of harm, even 150 years post-slavery?"

Well, apparently, it's a "journey," not a "math formula."

This panel is taking notes from a similar reparations panel in San Francisco, where they called for granting every black resident a whopping $5 million.

The San Fran committee's chair and consultant, Eric McDonnell, admitted to The Washington Post that the $5 million didn't come from a rational and reasonable math formula.

There wasn't a math formula. It was a journey for the committee towards what could represent a significant enough investment in families to put them on this path to economic well-being, growth, and vitality that chattel slavery and all the policies that flowed from it destroyed.

These are some BIG numbers being thrown around, so this is a great time to remind Americans that slavery was never legal in San Francisco or anywhere else in California.

Nevertheless, reparation activists claim the state instituted decades of racist policies that economically harmed black residents while favoring white residents.

In addition to the $5 million payments, the San Francisco proposal also called for debt forgiveness. To be eligible for the proposed program, an applicant must be 18 years old and have identified as Black or African American on public documents for at least 10 years, among other criteria.

The state-level panel has not yet determined how black residents would apply and qualify for reparations.