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California Now Has A Budget

Sacramento, CA — Governor Schwarzenegger and legislative leaders have avoided a drawn-out budget fight.

There´s agreement on a proposal that increases money for schools and road projects without taking on new debt.

Accord on the roughly $116 billion-dollar spending plan was reached yesterday, five days after the start of the new fiscal year and only after a long weekend of negotiations between Schwarzenegger and leaders of both parties.

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